close
    how do i default on a car loan?

    +1  Views: 188 Answers: 3 Posted: 13 years ago

    3 Answers

    Besides not make prompt payments, the way you can default is is move away from your state without notifying the bank, not properly maintaining the car, and using the car for illegal purposes.  I am sure your auto loan company has a clause that's similar to home loans that allows the lender to accelerate the loan, making it due and payable immediately if they feel they have to protect their assets.  In reality, they pretty much leave you alone if you make your monthly payments.

    Don't make the payments they will find it and you.

    Drop the insurance and wreck it.



    Top contributors in Personal Finance category

     
    Colleen
    Answers: 222 / Questions: 1
    Karma: 3960
     
    ROMOS
    Answers: 71 / Questions: 0
    Karma: 3840
     
    Benthere
    Answers: 3 / Questions: 0
    Karma: 3345
     
    country bumpkin
    Answers: 43 / Questions: 0
    Karma: 3030
    > Top contributors chart

    Unanswered Questions

    ko66sharedigital1
    Answers: 0 Views: 7 Rating: 0
    nghề makeup artist
    Answers: 0 Views: 13 Rating: 0
    KunCookies VN
    Answers: 0 Views: 9 Rating: 0
    ko66mmlshare1
    Answers: 0 Views: 7 Rating: 0
    wildioorg
    Answers: 0 Views: 14 Rating: 0
    ko66sharedlib1
    Answers: 0 Views: 14 Rating: 0
    Dược Bảo Khang
    Answers: 0 Views: 15 Rating: 0
    hay88cam1
    Answers: 0 Views: 12 Rating: 0
    > More questions...
    471592
    questions
    722893
    answers
    794252
    users