Car Repossession FAQs

I Only Missed One Car Payment And My Vehicle Was Repossessed. Is That Legal?

A:

Unfortunately, it is possible to have your vehicle repossessed in California if you have only missed one payment on your loan. It depends on the terms of the sales contract that you signed when you bought the vehicle, so it is incredibly important to read contracts very carefully and ask any pressing questions before signing.

There are no stupid questions when it comes to signing contracts because once you've put your signature on that sales contract, there's not much you can do later down the road.

Your lender or legal owner does not have to notify you before your vehicle is repossessed. He does, however, have to let you know in writing within 60 days that you have 15 days to arrange to get your car back before it is sold at auction.

If you have just missed your first payment, or you think you might in the near future, talk to your lender immediately. Your car probably plays an important role in your daily life, and if you don't communicate properly with your lender, you could lose that vehicle before you have time to blink. Explain your situation and either try to work out a payment plan, or ask for an extension on your payment. Many people simply ignore or hide from bills they cannot pay, so there's a good chance you lender will be happy you're being proactive and responsible. Any agreements you come to should be made in writing, and you should request a copy for your records.

In the event your vehicle is repossessed, but you feel it was done illegally, you can bring your case to court and seek damages as well as the return of your car. Contact the Los Angeles Law Office of Paul Mankin at 1-800-654-9517 today for a free consultation.