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How Long Does it Take Toyota Financial Services to Repossess a Car? – Tammy

“Dear Steve,

I am behind in my payments.

How long does it take before toyota services reposess your car?

Tammy”

Dear Tammy,

Almost every situation is different. The bottom line is that if you are more than one payment past due you need to be concerned about repossession.

My advice would be for you to call Toyota Financial Services and try to work out a suitable payment solution that will get you current. If you can’t do that, be honest with them, and make arrangements to give the car back so you don’t walk out one morning and it isn’t there.

Just be aware, if you give the car back or they take it, the car will be sold at auction and you will be sent a nice big bill to pay for the difference in the loan amount and the auction sales price.

Oh yes, take all your personal stuff out of the car now. At least the stuff you would miss if the car was snatched back by them.

Sincerly,
Steve

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

READ  Repossession: Why It Happens, What You Can Do, and Your Rights Before, During and After



About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

20 Comments

  • In my experience the bank does not want your car at all. Most financial places will work with you to try and get something done. They need to get their money back and hiring someone to repo your car, then auction, plus the costs with everything and time, they don’t want the hassle. Just make an attempt and see what they can do for you

  • In my experience the bank does not want your car at all. Most financial places will work with you to try and get something done. They need to get their money back and hiring someone to repo your car, then auction, plus the costs with everything and time, they don’t want the hassle. Just make an attempt and see what they can do for you

  • the best way to know when toyota has set your car out for reposession is to sign up for the online account access. when they set your car or truck out for reposession your online account access will be blocked. and it will give you the “you are not authorized please call ###-###-####” error thats how you know it was moved into repo status. and they would assign it to a repo company.

  • the best way to know when toyota has set your car out for reposession is to sign up for the online account access. when they set your car or truck out for reposession your online account access will be blocked. and it will give you the “you are not authorized please call ###-###-####” error thats how you know it was moved into repo status. and they would assign it to a repo company.

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