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There is no limit You Don't own it.. unless you are paying for it you must give it back to the lien holder. make your payments or give it back even after charge off they have every right to take back what YOU have not paid for.. and if they wish. in most states they have the right to get a court order for the vehicle have the local sheriff come out and demand the vehicle and or location of the vehicle if at that time you fail to turn over the vehicle you take a ride with them and face jail time and fines .... which the cost of the court order will cost you 2k+ clearly its best off to give the vehicle back save some money and hassle you buy the car for 10k its worth 8k you have have a balance of 7k on the car after auction you might not owe a dime. and go on with life.. but be a Flake hide it and drag it out the car will be worth way less and at the end you pay one way or another...
MORAL of the story IF You cant Afford it Give it Back... Call your lien holder get the name of the repo company and drop it off in a parking lot where they can pick it up leave the keys in the glove box ashtray or center console. they dont need to know where you live if you turn it over.......
A Washington REPOMAN
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Is there a statute of limitations in MI for a landlord to sue a tenant for damages?
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