Cost to Get Vehicle Back
A frequent question is "how much will I have to pay my lender to get my vehicle back after a repossession?" This is a good question and the answer often is "it depends." Lenders (depending on the type and amount of loan) are able to require the missed payments, repossession costs, and something akin to a "security deposit" for future payments due. This requirement for future payments is usually 3 months. This will depend on a few details; but you can schedule a free consultation with Attorney Nathan DeLadurantey to understand the specific laws that apply to your situation.
How to Get Vehicle Back
There are a few ways you can work to get your vehicle back after a repossession. First, you can call your lender and ask them what dollar amount would be required to reinstate your loan and get your vehicle back. Second, you could wait until the lender sends you a letter (after the repossession) which will indicate the dollar amount necessary to get the vehicle back. The post-repossession letter may depend on a few details related to your loan, but you can schedule a free consultation with Attorney Nathan DeLadurantey to understand the specific laws that apply to your situation.
What if I Can't Afford to Pay
If you can't afford to pay the dollar amount the lender is requiring, it may make sense to file a Chapter 13 Bankruptcy. While DeLadurantey Law Office does not handle these types of cases, we are happy to make a recommendation to a firm in your area. You can schedule a free consultation with Attorney Nathan DeLadurantey if you'd like to discuss your matter.
We provide representation for cases in Wisconsin, including Racine, Kenosha, Green Bay, Appleton, the Fox Valley, Milwaukee, West Allis, Waukesha, Walworth County, Dane County, Madison, La Crosse, Eau Claire, Superior, Ashland, and anywhere in-between.