How Late Can You Be on Your Car Payment?
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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent, and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or network providers. Read more about our Editorial Guidelines and How We Make Money.
When Is a Car Payment Considered Late?
How Many Days Is the Grace Period for Car Payments?
Is There a Late Car Payment Fee?
Is Partial Payment Considered a Late Car Payment?
What Happens If You Exceed the Grace Period on Your Car Payment?
1. Late Car Payment Fees
2. Potential Impact on Your Credit Score
3. Car Repossession
Options to Avoid Repossession
Make Your Payments on Time
Refinance Your Car
Talk to Your Lender
The Takeaway
Frequently Asked Questions
Photo credit: iStock/nortonrsx
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About the Author
Lantern is a product comparison site that makes it easy for individuals to shop for products and compare offers with top lenders. Lantern is owned and operated by SoFi Lending Corp., the digital personal finance company that has helped over one million people get their money right.
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