0
If you purchased and financed that car through the dealer, and you miss a payment ... YUP ... they can impound (repossess) the car until one brings the loan payments current. You see, when one misses a payment, the perception of the loan company is that the person no longer wants the car - or just wants something for free ... not going to happen in this day and age. The dealer, after a reasonable amount of time waiting for you to pay up, could sell the car again ... and you would then forfeit all monies you paid towards purchase.
Bottom line: pay those car loans on time, every time ... if you have to go out and get a 2nd , 3rd or 4th job - do whatever it takes to keep up with the payments.
Still curious? Ask our experts.
Chat with our AI personalities
FranI've made my fair share of mistakes, and if I can help you avoid a few, I'd sure like to try.
Chat with Fran
TaigaEvery great hero faces trials, and you—yes, YOU—are no exception!
Chat with Taiga
CoachSuccess isn't just about winning—it's about vision, patience, and playing the long game.
Chat with CoachAdd your answer:
Earn +20 ptsQ: Can a car dealer impound your car with out notice?
Write your answer...
Submit
Still have questions?
Trending Questions
Where are bushing used on vehicle?
What is the lapse rate of whole life policies?
What is the full meaning of MAPFRE?
How much do KCA tickets cost?
Can you put a 95 suburban transmission in a 95 suburban?
Is auto repo legal in Texas?
Is it true or false a driver whose vehicle becomes involved in a skid should not attempt to regain control of their vehicle that will only make matters worse?
What is class code 10073 for general liability insurance?
When driving at night you must be sure that you can stop within what distance?
How do you convert heat energy into electricity without using water sources?
Can you drive your friends car if you don't have any insurance?
What is Selective gold?
Will homeowner insurance reimburse you for a newly purchased generator?
How should you use your brake pedal on a slippery road?
What is the spy code to unlock professor z in the cars 2 DS?
Can i use 10w30 full synthec in a polaris ranger 800 xp?
Does home insurance cover theft?
What do you do if you put too much oil in your truck?
Why would Engine rev when clutch is pressed?
What are insurance spares?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.