This article was co-authored by Bryan Hamby and by wikiHow staff writer, Eric McClure. Bryan Hamby is the owner of Auto Broker Club, a trusted auto brokerage in Los Angeles, California. He founded Auto Broker Club in 2014 out of a passion for cars and a unique talent for customizing the car dealership process to be on the buyer’s side. With 1,400+ deals closed, and a 90% customer retention rate, Bryan’s focus is to simplify the car buying experience through transparency, fair pricing, and world class customer service.
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If you know your vehicle is at risk of being repossessed due to late payments, you may be tempted to try and park it somewhere safe to wait out the repo crew. However, this isn't a good idea and may even be illegal. If you know you’re in trouble, it’s okay. Stuff happens, and you have options. Start by contacting the financier (usually the dealer or a bank) and being upfront about your situation. Taking your car and selling it is a lot of work for them, and they’ll meet you in the middle if you’re open and honest about what you can afford. We'll walk you through all of your options, below.
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