How long before they take the car?

[sick of debt]

We turned in our cars. I returned my BMW SUV and am now driving a cherokee we had just sitting around as a third car. My husband turned in his diesel truck and purchased a cheap work van. Now we just have to put these cars under our exemptions because they are completely paid for, luclily we have federal here.

[b_girl]

Actually they can still repo a car even if you are paid up to date.

Yes, but it's highly unlikely if you don't give them a reason.

[Cali]

I disagree, it can happen and has happen. A company doesn't have to let you keep a car, regardless of paying on time or not.

And you don't have to give them a reason to take it.

I know of a few people this has happen to and my attorney has told me of people that this has happen to. So don't think you can't lose your car.

Yes, but it's highly unlikely if you don't give them a reason.

[b_girl]

Again, as stated, it can happen but is unlikely. Not re-affirming and doing a ride through is a risk, but so is re-affirming, especially if you are too upside or your payment is too high for you to safely keep paying. Everyone has to weigh the risk and make up their own mind.

[Cali]

Knowledge is the best thing to have. Don't ever go in thinking things won't happen, because they can.

Again, as stated, it can happen but is unlikely. Not re-affirming and doing a ride through is a risk, but so is re-affirming, especially if you are too upside or your payment is too high for you to safely keep paying. Everyone has to weigh the risk and make up their own mind.

[TEW]

I have missed 2 payments on the Benz and plan on calling the bank and asking them where they want me to take it or I will tell them where I am bringing it.
They only called me once and wanted to work something out. It's a Benz and very expensive to maintain enough with the $500.00 oil changes and $1000.00 tires.

[Priceless ProSe]

Again, as stated, it can happen but is unlikely. Not re-affirming and doing a ride through is a risk, but so is re-affirming, especially if you are too upside or your payment is too high for you to safely keep paying. Everyone has to weigh the risk and make up their own mind.

I have no experience in this matter, but one would think it depended on whether or not there was equity in the vehicle. If I was a bank and you didnt reaffirm I would let you keep paying unless/until it was profitable for me to come get it. If you owed 10k on a 20k ride you better believe there gonna come get it, after all tere in business to make money, and its perfectly legal for them to do. Once again just my opinion

[Cali]

Glad someone else understands what I am saying. Thanks Priceless.

[Critty]

We are upside down on the one we wish to keep. But not a lot. It would cost us more to surrender it and then go and get something that is as reliable and the size we need to fit our family. Since our state won't let us reaffirm our vehicles, we do not have the option. The judge was pretty sure we wouldn't have a problem doing the ride-thru because the bank is going to get more from us continuing to make the payments then they would if they were to repo it. Hopefully that will be the case. Good thing we have a garage to park in so it won't happen with our knowledge.

[jason0618]

I included my car, and my attorney told me to turn it in, and let him know. I turned it in at my local GM dealer 47 days ago, and as of an hour and a half, it's still sitting on their back lot, in the exact same place it's been since the day I turned it in. I wish I'd kept it all this time, but he said since they filed for relief of stay, that I had to turn it in.