Car loans use your vehicle as collateral, which means that if you default on the loan, which in some cases, can be due to you just missing one payment, the lender can legally repossess the vehicle. Due to this, you might wonder how to hide your car from repossession, after all, if they can’t find it, then they can’t take it. 
However, this is often not a good idea, as it can backfire and land you in serious trouble. In this article, we’ll show you what to do if you are in danger of defaulting on your car payments, some car repossession loopholes, and 6 easy ways to hide your car from repossession.
Let’s take a look at some clever ways you might try to hide your car from the repo.
One of the best ways to hide your car from repossession is to keep it locked in your garage. The repo man cannot repossess your car if they must break into your garage to get it. By locking it inside your garage, it is safe from repossession for a while. However, if it is parked outside, it can be repossessed at any time.
If you have a friend that lives in a different state, exchanging your car with them can buy you some time to pay your loan. However, this is not a long time solution, as technological advancements make it pretty easy to find and track vehicles even across state borders.
Most modern cars have trackers in them that can be used by the repo man to find and repossess the vehicle. By removing the tracking device, you can hide your car from repossession. Just locate where the car tracker is installed and remove it.
After this, make sure to park your car in a safe, inaccessible place. This car repo trick can give you some extra time to sort out our finances and possibly make up any missed payments.
This is one of the car repossession loopholes you can try to keep the repo man from getting your car. By parking the car in a chained or gated compound and locking up the gate, your creditors are kept from getting the car.
One of the car repossession loopholes you can try to exploit it to give the car to your neighbor to use or hide in their garage. Since you aren’t driving the car, you might be able to hide it from repossession for a short period.
If you are in a financial crisis and are unable to make your loan payment, your car is at risk of being repossessed. To avoid this, you can sell your vehicle and use the proceed to pay off the outstanding loan. Doing this will save you from trouble with the creditors, and you will avoid any extra charges that come from hiding your car from repossession.
In many states, creditors can repossess a vehicle once you defaulted on the loan. However, the definition of “default” varies from loan to loan, but in some cases, maybe as soon as 30 days after the last due payment date.
However, repossession is less likely to occur so fast as it is in the creditors’ best interest for you to resume your monthly payments. For this reason, you might be able to leverage some car repossession loopholes to keep your car from being repossessed so quickly.
Hiding your car from repossession professionals is not easy, as they know most of the car rep tricks that car owners use to avoid getting their car repossessed. Depending on the state, repossession agents are allowed to:
Even if you successfully hide your car from the repo man, the creditor can take the matter to court and get a court order compelling you to turn over the vehicle. Thus, learning how to park your car to avoid repossession is not a good long-term solution.
The best way to hide your car from repossession is to work with the lender. If you are dealing with a short-term crisis, like an emergency health situation or a loss of a job, you can ask your lender about skipping a payment. Many lenders will allow this as it is more profitable to keep collecting loan payments, rather than spending extra on repossession.
As long as you demonstrate that you are working to meet up with your monthly payments, there will be no need to hide your vehicle from repossession, as the creditors will not repossess your car.
Whether you can park or hide your car to buy time to pay off your loan depends on the state you live in. In many states, taking steps to hide your car from repossession does not violate any laws, unless it is done with the intent to defraud the bank. However, in some states, it is a crime to deliberately hide your car from the repossession company.
If the lender has received a court order compelling you to turn over the vehicle and you refuse, you could go to jail for disobeying the court.
Most creditors work to locate the car, remove it to a tow lot and hold it, all within 30 days.
You can keep your car in a private garage to hide it from being repossessed. However, if you take a trip to a public place, the repo man can repossess your car as they are often allowed to watch your house and follow you wherever you go.
If the repo man never finds your car, the creditor will file papers in court and get an order to force you to release the car. Failure to comply with this court order will result in accusations of theft.
Yes, you should. Paying off a repossession can help reduce your credit score, as it reduces the debt owed, and you can get that item removed from your credit report.
