Can a buy here pay auto dealer report the car stolen if you are behind on payments?

Yes, a buy here pay here (BHPH) auto dealer can report a car stolen if you are behind on payments. BHPH dealerships are a type of used car dealership that finances in-house. This means that the dealership lends the money to the buyer directly, without involving a bank or credit union. Because of this, BHPH dealerships are often willing to lend to people with bad credit or no credit history.

However, BHPH dealerships also charge higher interest rates than traditional car dealerships. And if you fall behind on your payments, the dealership can take action to repossess the car. This can include reporting the car stolen to the police.

If your BHPH dealer reports your car stolen, it can have serious consequences. The police may arrest you and impound the car. You could also be charged with a crime. And your credit score will be damaged, making it difficult to get a loan in the future.

If you are struggling to make your payments, you should talk to the dealer about working out a payment plan. You may also be able to get help from a credit counseling agency or non-profit organization.