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Asked about “Auto Loan - AOL Money

Auto Loan and Car Pink Slip

When taking an auto loan, do I have to give the pink slip to the creditor?

Does that mean he can take my car whenever? 


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Well i know for a fact that if you tell them u dont want the car anymore they wont officially take the vehicle untill you are 3 months behind and trust me i have done this twice and both times they pick up the car after 3 months of missed payments and auction it off and them u pay the difference of the balance of the car  and it gones on ur credit report as a repo but after a few months you can get another car loan for sure hpoe thisa helps u

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