How many times does one usually have to miss a payment before their car becomes eligible for repossession? I know it probably varies from maker to maker, but what is it usually? I have a friend who is currently unemployed and instead of telling Volkswagen and trying to work something out, he let it slide for the past two months and is now afraid of his car being taken away. Thanks so much.
In my experience, if you hit the 90 days late, your car is gonna be taken away. I know you can only do so much for your friend, but at least have them make a call to see if they can pay the interest for the 2 months missed, and tack the 2 payments onto the end of the car loan. It's worth a try, as a repo is no good.
