If you miss payments on your leased car, it may be repossessed, which can be expensive and financially damaging. You can try to prevent repossession by making missed payments, contacting the leasing ...

So, you missed a few car payments and now a tow truck is at your door. Don’t worry, all is not lost. Though it seems like you have no options left, there are still some things you can do to keep your ...

Car repossessions are jumping nationwide and the reasons may surprise you. Consumer Investigator Rachel DePompa shares what ...

Ford is trying to patent technology that would allow cars to repossess themselves. As first spotted by The Drive, a Ford patent application titled "Systems and Methods to Repossess a Vehicle" was ...

Unfortunately, buying a car usually requires a sizeable loan, along with regular payments that must be made on time. If you're struggling to keep up with your lender, you're not alone. According to ...

Imagine it's the near future, and you've bought a new car with a self-driving mode. But hard times hit and you fall behind on loan payments – then, one day you find your car has driven itself away to ...

In many states, once you miss a payment on an auto loan, your creditor can repossess the vehicle at any time. Your loan agreement will state what constitutes default, but in general, you are risking ...

Car repossessions, which are becoming more common after a dip during the COVID-19 pandemic era, have serious financial consequences for lenders and borrowers. Over a million cars were repossessed in ...

It is undeniably true that car repossession has dire consequences on your credit score and affects your future chances of credit ability. Using a car loan may seem like the best way to own your dream ...

When an account falls into default and results in repossession, the impact extends well beyond the loss of the asset. That negative mark becomes part of the borrower’s credit history and can shape how ...

From the lessee's point of view, the specifics of a repossession depend primarily on 1) the terms of the contract, 2) the payment history and 3) state law. Sometimes there's a little wiggle room – a ...