The “repo man” is not allowed to break the peace and take your car by force. Therefore, you could hide your vehicle from them. However, if you don’t have a locked garage and your car is in the driveway, they are allowed to enter your private property and take it. If you try to hide your vehicle from the repossession company, it may work for a short time. Eventually, however, your creditor will step in and take further action.
How the Repo Man Can Get Your Car
If you deliberately hide your car to avoid repossessionand the repo man cannot access it without using force, your creditor may seek legal assistance.
What they can do is seek a replevin order or a money judgment against you. Replevins are a type of lawsuit, according to the legal experts at Nolo.com, where a creditor obtains a court order requiring you to abandon the vehicle. Monetary judgments are determined by the amount you owe on the car loan, plus any additional fees.
You are entitled to written notice of your creditor’s intention to obtain an order of replevin. You also have the option of having a hearing, with written notice of the place, date and time, and the right to object.
State laws are different and the time you have to respond to the complaint and request a hearing varies. Be sure to review your state’s laws on replevin and seek advice from an attorney.
Replevin is a legal action brought against you and should not be taken lightly. If you fail to comply and refuse to hand over the car to the repossession company, you could be subject to civil and/or criminal penalties.
Can you prevent a repossession from happening?
If you are worried about your vehicle being repossessed, you may be able to stop it to occur. How? ‘Or’ What? By talking to your lender.
Let them know what’s going on, that you’re worried about missing a payment, and ask if they can help. Some lenders are willing to let you skip a payment and defer it to the next month or the end of the loan term.
Another option your lender may suggest is to refinance the loan. When you refinance, you replace your current loan with a new, hopefully better loan. The main purpose of refinancing is to reduce the monthly payment, and you can do this either by qualifying for a better interest rate or by extending the term of the loan.
However, to be eligible for refinancing, you must have had the loan for at least one year and your credit score must have improved since taking it out. In some cases, a lender may approve you for refinancing if your credit score hasn’t improved much, although this isn’t always possible.
Auto Express Credit Tip: If refinancing can help you avoid a repo, be sure to evaluate the store and find the best deal. You can refinance with your current lender, but you should have at least one other offer to compare it to.
Even if your lender says they can’t help you, they’ll appreciate you contacting them ahead of time. Just like you, lenders don’t want to go through the repossession process either. Even if your car ends up being repossessed, you’re on much better terms with them because you tried to prevent it.
It’s possible to try to hide your vehicle from the repo man, but that’s not the best way to go. cope with recovery. It is important that you speak to your lender before you are faced with a repo to see if they can help you avoid it.
If they can’t and your car needs to be impounded, it’s best to return it and let the salvage company collect your vehicle – it’s easier than facing legal action later.
If you’ve lost a car to repossession, your credit score has been affected, and you need a new vehicle, we want to help. AT Auto Express Credit, we work with a nationwide network of specialist finance brokers who have lenders available to work with people who have experienced a repossession or are facing another unique credit situation. Just fill out our free and easy form car loan application form to start today.