I just lost my job and if I make just part of a car payment each month can my car be reposseessed??

Question

I just purchased the car new in December...my payment is 370 a month...if i can only pay like 200 will that satisfiy the company enough to keep my car from being reposessed?

Answer 1

Probably not. Most lenders do not have to accept a partial payment. You had better call them ASAP and be honest with them, they might be willing to work with you for awhile. In the meantime, go find another job.