1. Extension of the Repossession Period: Hiding the vehicle will make it more challenging for the lender or repossession agency to locate and seize it. This may extend the repossession process, giving the lender more time to seek payment or take other legal actions against you.
2. Increased Costs and Charges: The lender may consider your actions as an attempt to obstruct repossession, leading to additional fees and charges. These charges can include repossession expenses, storage fees, and legal costs associated with locating the vehicle.
3. Damage to Your Credit Score: Hiding the vehicle may be interpreted as a form of default on the loan agreement. This can negatively affect your credit score and make it challenging to obtain future loans, credit cards, or favorable interest rates.
4. Legal Consequences: Depending on the circumstances, hiding a vehicle from a repo man may be considered a civil or criminal offense in California. You could face legal repercussions such as court orders to produce the vehicle, contempt of court charges, and potential fines or jail time.
5. Loss of the Vehicle: If you continue hiding the vehicle, the lender may file a lawsuit seeking to declare the vehicle abandoned or repossess it without further notice. In this case, you could lose possession of the vehicle and be responsible for any outstanding debt.
6. Damage to the Vehicle: Hiding the vehicle may result in it being left unattended or exposed to harsh elements. This can lead to damage or deterioration of the vehicle, reducing its value and making it more difficult for you to recover or sell it in the future.
It is important to understand that attempting to hide a vehicle from repossession is not a solution to your financial difficulties. Instead, it is advisable to communicate openly with the lender and explore options to resolve the outstanding debt or work out a payment plan to avoid repossession.
