What happens if you miss 1 car payment?

What happens if you miss 1 car payment?

One missed payment can result in repossession, but it’s less common. A “missed payment” is considered a payment that is more than 30 days late. Each state has its own repossession laws, which may affect how many payments you can miss before car repo takes place. You can find your state’s repossession laws here. Nov 29, 2019