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They will sue you and you will have to pay them plus legal fees, court costs, collection fees, etc. but mainly you will have to pay them and they will ruin your credit. Work out a pay plan with them to kee them happy.

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Q: What happens if you don't pay the finance company for a stolen car?
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You cannot. You could get alternative financing from another finance company and they buy out the original and everything transfers to them. When you signed the paperwork for the car, you promised to make payments and you are legally bound to do so. If you dont then the loan is secured by the car and the finance company comes and takes the car. IF you dont make arrangements to pay for what is owed, then the company sells the car for a huge loss, but they come back after you for the difference.


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When your car is 'stolen", you file a stolen car report with the cops. Then your INSURANCE will pay off the loan. The lender will deal with the insurance co. and alls well. You dont have a car, but no payments either. BTW, the insurance co. HAS to be sure its stolen or they wont pay the loan off.


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