Two possible answers. One, you get to keep the car, and the lender has no rights to it, or two, a tow truck will repossess your car in the middle of the night. The answer is pretty easy.
http://wiki.answers.com/Q/What_happens_if_you_default_o...
; What do you do when the bank tells you they will cancel your arranged payment on a car loan account? ... ; What happens to a car loan if the borrower dies?
wiki.answers.com/Q/FAQ/1758
In many states, your creditor can seize your vehicle as soon as you default on your loan or lease. Your contract should state what constitutes a ... Some states have consumer protection laws that allow you to “reinstate” your loan. This means you can reclaim your car by paying the amount you are behind on your loan,
www.ftc.gov/bcp/edu/pubs/consumer/autos/aut14.shtm www.ftc.gov/bcp/edu/pubs/consumer/autos/aut14.shtm
Legal Help For Auto Loans and Repossession. What Happens After You Default On A Car Loan? ... Cosigner's Remedies After Default on a Car Loan Auto Loans and Repossession 04-18-2005 12:19 AM...
www.expertlaw.com/forums/archive/index.php/t-6880.html
Legal Help For Auto Loans and Repossession. Cosigner's Remedies After Default on a Car Loan ... Unfortunately, my 2 current cars are fairly new, and are both still considerably upside-down on their loan to value raitios, as is the repossessed car, so trying to trade in ... Default on Mortgage Loan Foreclosure 12-06-2005 06:50 PM...
www.expertlaw.com/forums/archive/index.php/t-808.html
If you default on your car loan, either your car will be repossessed or your wages will be garnished.
http://www.myfreecarloanquote.com/education-center/
What happens if I give the car back to the dealership and tell them I can't afford it anymore ? ... Very likely. They will take the car and sell it. They will likely get less than the amount still owed on your loan, so they may well sue you for any difference. Can you sell the car by having someone take over the payments?
www.legalspring.com/articles/misc-legal-moderated/20030... www.legalspring.com/articles/misc-legal-moderated/20030909/0_Re--What-happens-if.html
Since your car loan is probably the second biggest financial decision you make, next to a mortgage, it is really important you do what you can to prevent a default notice and a visit from the repo man. ... By having a month’s jump on paying your loan, ... What Happens When You Cannot Make Your Monthly Credit Card Debt Payments?
www.americanconsumernews.com/2009/03/dont-default-on-yo... www.americanconsumernews.com/2009/03/dont-default-on-your-car-loan-%E2%80%93-heres-what-you-can-do.html
Defaulting on a car loan is an unfortunate occurrence that happens far too often, but many people ... Defaulting on a car loan is an unfortunate occurrence that happens far too often, but many people don't understand the process of defaulting and what happens when you go into default.
www.carsdirect.com/auto-loans/what-happens-if-you-defau... www.carsdirect.com/auto-loans/what-happens-if-you-default-on-a-car-loan
I have a auto loan and a auto lease and Im unable to make both the payments anymore. What happens if I default on the auto loan what happens I have good credit but I dont know the process if I default what happens after If I turn the car in and say I cant pay anymore what happens I know it will effect my credit what else.
www.askmehelpdesk.com/bankruptcy-debt/default-auto-loan... www.askmehelpdesk.com/bankruptcy-debt/default-auto-loan-what-happens-183588.html