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what will happen if i let my car get repossessed?
27th April 2010
i am wanting to buy an old small car that will be better on gas than my new gas guzzler of a truck which is a chevy blazer. i am on a five year loan for the car through the bank. i was told that i cant buy another car and then switch the insurance from my blazer to the car that i want to buy outright. so now i have to put both cars on the insurance and im not sure but i think that will be a lot more expensive. so im thinking of just putting insurance on my new car and stop paying for the old one, so it will get repossessed. my credit is already terrible so i dont care about that but im wondering wat will happen, will i get a fee, will i be taken to court, wat is the consequences to getting ur car repossessed. wat should i do in this situation, should i buy another car and then put insurance on it and stop paying for my car. can i do that? wat will happen.