Car Question

[Cali]

We have 2 vehicles and we want to only keep one. Can we let one go if they are financed from the same company?

Thanks!

[PaKettle]

My best GUESS would be "yes". Hopefully someone who knows for sure will chime in.
But it seems logical that as long as you are paying it each month, they will have no reason to repossess it. Better to lose only one payment than to lose both, which they would do if they repossessed both.

That is, IF your loan is with a big bank or financial company. Some of the "corner lot" type lenders might repossess. Big lenders almost never do as long as the payments are on time.