How to Get Car Repossession Fees Waived

Tough economic times have resulted in a giant increase in vehicle repossessions.

Tough economic times have resulted in a giant increase in vehicle repossessions.

Tough economic times have resulted in an increase in the number of vehicle repossessions, and has even spawned quite a few TV reality shows. Repossession can occur when you are late making payments on your car or truck. If a creditor must hire someone to repossess your vehicle, your credit rating will suffer. If your car is repossessed, you will have to pay for repossession, storage and redemption fees.

Call your lender after your vehicle has been repossessed to negotiate the balance. Otherwise, all of the repossession fees will be added to your account and you will have to pay the remaining deficiency balance -- which is the amount of money left over and still owed. Some lenders will even seek legal action to retrieve the money owed to them; however, most would rather avoid the tedious process.

Remain calm and courteous at all times when negotiating a fee waiver for the vehicle repossession. While it’s easy to get upset and angry with the creditor, doing so will cause more harm than good. While there is no set price for a repo fee, they can be pretty expensive, ranging from $300 to $1,500. Even after a repo has occurred, your lender is usually willing to work with you in an effort to obtain the money it is owed.

Consider having a local consumer law attorney examine the notice of repossession after you receive it in the mail. An attorney can inform you of your rights and options during the repossession process and work on your behalf to achieve a waiver of any fees associated with the repossession.


  • Make sure your vehicle wasn’t mistakenly repossessed by checking with your lender. If your car or truck was towed away by accident, lenders are more willing to waive the fee right away.
  • Filing for bankruptcy can stop the repossession process of your vehicle; however, it can also badly damage your credit and prevent you from receiving future loans.
  • If you voluntarily give up your vehicle, car dealerships will sometimes waive fees associated with a repossession.

About the Author

Renae Nicole has experience in various media markets, including Charleston and Myrtle Beach, S.C., as well as Savannah, Ga. She has been writing professionally for more than 10 years, working as a radio disc jockey, reporter/anchor for several TV stations and newspaper reporter. Nicole graduated from the University of South Carolina with a B.A. in broadcast journalism.

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