Changing mind about reaffirming car?

[erinmi]

We are coming down the stretch to our 341 (it is on Feb 5) and we just got the reaffirmation paperwork for one of our cars in the mail from our attorney. We did request to reaffirm both cars but have now decided we would rather let one go because I am going to quit working, although I will still be working as of our 341 if I put in my two weeks Monday- I essentially make enough to pay for the car and I'd rather not work, no car means not getting to work because DH's job is a "must have reliable transportation to travel in his regional area". Our car payments are current, next payment on the car we decided to let go is due February 12.

Anybody have a good guess on how long it would take for them to ask to lift the stay?

And do we have to go through the regular repossession or do you think it is possible to just drop the car off where the bank requests?

I'm kind of trying to figure out how long we might be able to hang onto the car before we have to let it go once we stop paying After that it will be 6 months of me staying home with no car before we will have enough money set aside to buy a cheapo get around town car.

Thanks!

[BKcrazy]

I was going to keep my car, payments had been current. Then shortly after filing, I changed my mind. I kept my car up until the night before I moved out of state. I even called the lender and they got the company they use for recovery to contact me. They were even going to meet me at the airport to get the car. But, I figured it would just be easier to get a ride than have to deal with handing over the car and I wanted to spare myself a bit of embarrassment. They really liked my car and said aren't you going to miss it? Of course, but just trying not to think about it.

I guess boils down to how fast your lender works. I think they leave you alone if you say that you want to keep it. If you stop paying they have to work to lift that stay. Neither my mortgage lender nor car loan lender bothered.