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I’ve fallen very behind on my car payments these past few months and honestly I feel like one of my best options at this point is to just concede defeat and return the car and wash my hands of the 400/month car payment because at this point, I can hardly afford to put food in my mouth let alone gas in my car and that money (plus the car insurance) would certainly give me a little breathing room until Im a little more settled (I’ve just moved to a different state and a different job).

However, one question: I bought and financed the car in Florida and I’ve recently moved to Maryland. Would I be in trouble or penalized for any reason if they have to take it from my 950 miles away from the place I bought it?

Mind you, I’m not asking how to hide the car from them, avoid paying, avoid repo, or anything. I’ve already admitted this payment is more than I can handle and I am willing and able to let my credit take the hit and hand over my car. My question just is, how would a repossession take place from almost 1000 miles away, and can they penalize me for moving state?

I had continued payments for a little bit after moving so I never bothered to tell them I had moved since I was sending payments by calling in with my debit card information. I wasn’t trying to be evasive, just didn’t think that I had to tell them.
The car isn’t stolen nor will I be hiding it from my car company. I plan on calling them and telling them to come and get it, Im just wondering what the penalty will be if "come and get it" means it’s in Baltimore and the company is in Tampa.

3 Comments »

1. 

   Unless it was stipulated in your loan that the vehicle must remain in the state you bought it in, that shouldn’t be a problem. People move all the time. Of course, you notified the bank that you’ve moved and given them your new address, so they know where to find it.

   Comment by Scott H — November 11, 2010 @ 1:50 am

2. 

   You are asking for legal information. I suggest you ask a lawyer or a banker
   or maybe a cop. One cop told me he made extra money spotting stolen
   cars so be careful. Maybe you can call the clerk of court.

   Comment by Bill P — November 11, 2010 @ 1:50 am

3. 

   just give the company the new address and make an arrangement with them to voluntarily give it back, they will just add the fee to get the car back away when they take it to a auction to sell, thus you will see what you own after that if anything.

   Comment by Michelle D — November 11, 2010 @ 1:50 am

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