How long before

[xena]

a car is reposses for lack of payments? Please state if it's days or months. Thank you.

[andy158]

I stopped payments on two motorcycles and a boat in June of 2009. We filed bk13 in July of 2009. The motorcycles were repoed in January and I still have the boat nearly 9 months in. I kept insurance on the motorcycles and used them up until December. The insurance just recently lapsed on the boat and I have not heard a word from the bank.

[justbroke]

a car is reposses for lack of payments? Please state if it's days or months. Thank you.

This entirely depends on several factors. It depends on your history with your creditor. It depends on how late you are. It depends on the creditor themselves.

In other words, if you always paid on time and missed a single payment... they aren't coming to get your car. If, however, you were a slow payer -- which means you always used the grace period and missed payments here and there -- and become past due to 61 days.. they can start the process to repossess. (Please note, that your State may allow them to repossess at 31 days late.)

In the end, it's really up to the creditor to repossess. Because cars depreciate very quickly (one hundred to several hundred dollars a month or even a thousand dollars a month), this is what makes the creditor move quickly.

As the other poster wrote, if you're in the middle of a Bankruptcy, that will slow the process down a bit.

[NHC]

That didn't take long at all....LOL....woke up this morning and the car was gone. So, for the records, it takes Wachovia Dealer Services about 3 weeks....which is fine...the car was empty...only a quarter tank of gas...now I can go pick up my beater car!!!