What happens if my RV is repoed?

Answer by  Zaka (2315)

Make sure to take all of your possesions out as it is likely to have been a dwelling space for you and your family. Should the vehicle had been your residence as well as your transportation it is crucial to find a new home.

Answer by  Kurt (4579)

The RV will be auctioned off or sold and the proceeds will be applied against the outstanding balance that you have with the finance company.

Answer by  jsreyher (49)

First you lose your RV and second your credit rating / FICA score will drop significantly for defaulting on a consumer loan.

Answer by  ShirleyThaler (39)

Once the RV has been repoed, the company will sell it; however, the RV is now used. As you can image, they will not sell it for near what you paid. They will apply the selling price toward the past due loan and then send you a bill for the balance remaining.

Answer by  misty37 (11)

You will have to pay what you owe on the RV. If you can not then they will sell it, and be responable for the remainder of the debt.

Answer by  bryanpoole88 (3)

They come and take it.