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How Much Are Repossession Fees

How Much Are Repossession Fees

If your vehicle is repossessed due to missed payments, you’ll not only lose your car, but also owe potentially thousands of dollars in fees, but how much are repossession fees?

Repossession fees typically start around $300 but can escalate depending on location, lender policies, and more.

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Common Repossession Fees Across States

While specifics vary, you’ll generally owe some combination of:

  • Towing/Transportation Fees: To take the car to a storage lot, often $50-$250
  • Storage Fees: For keeping the vehicle in a repo lot – $20-$50 daily
  • Late Fees: Per your loan contract terms, usually a percentage
  • Auction Fees: If sold at auction, 10-15% of sale price
  • Legal Fees: What lender pays for court costs/paperwork

Fees add up quickly the longer a car sits prior to auction. Expect at least $500-1,000 in the first week alone in most states.

State-by-State Repossession Fees

Repossession fees and laws differ by state. Here’s an overview of some major states repo fees or costs associated with having your car repoed:

Florida Repossession Fees:

  • Repossession fees are usually $300-$500
  • Towing and Transport Fees $50-$250
  • Daily storage fees of $20-50 per day
  • Costs escalate quickly if vehicle sits in a storage lot

Related Article: Florida Repossession Laws

Texas Repossession Fees:

  • For Repossession itself $300-$400
  • Towing and Transport Fees $50-$250
  • Storage of Repoed Vehicle $20-$50 (Daily)
  • Auction Fees usually 10%-15%

California Repossession Fees:

  • Repo alone is $300-$500
  • Towing and Transport is $100-$300
  • Storage fees are $25-$60 per day
  • Potential Auction Fees are 10%-15%
  • $15 fee to local law enforcement for processing repossession paperwork
  • Storage fees are allowed but not regulated

Ohio Repossession Fees:

  • Repossession fees limited to $25 unless loan terms specify more
  • Storage fees up to $17 per day for vehicles under 10,000 lbs
  • Late payment fees per contract terms

Georgia Repossession Fees:

  • No set maximum for repossession fees, but usually $300-$500
  • Towing/transportation fee: $75-$200 to tow to storage lot
  • Storage fees $20-50 per day
  • Late payment fees per contract terms


  • Repossession fees not regulated, but around $300-$500
  • Towing and transportation fee: $100-$300
  • Storage fees capped at $100 per day by state law, usually $20-$50

Important: Remember that if the lender has to go to court the repo fees will get even higher than referenced above!

What Happens After Repossession?

Once repossessed, you have options to avoid liquidation:

Reinstate the Loan: Pay all late payments, fees, and interest owed in a lump sum to continue payments.

Redeem Vehicle: Pay entire loan balance plus all repossession fees to keep car.

If you can’t reinstate or redeem, the car goes to auction. But you still owe any remaining balance plus fees – aka a deficiency judgment.

Avoiding Repossession & Fees

Act quickly if facing repossession to minimize fees:

  • Get current on payments
  • Refinance with lower payments
  • Voluntarily surrender vehicle
  • Consider bankruptcy to eliminate deficiency balance

Understanding the fees at stake is key to making informed decisions. Laws also favor prompt action. Don’t wait to reach out to your lender and explore options.

Key Takeaways

  • Repossession fees vary by state but often total $500+ quickly
  • You must pay all fees to reinstate a loan or redeem a vehicle
  • Auction proceeds rarely satisfy debt – deficiency judgments are common
  • Act fast once behind on payments to avoid escalating fees

Connecting with consumer credit counseling services can also provide guidance on managing auto loans in financial hardship.

Sources For This Article

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Picture of Steve Momot - Author

Steve Momot - Author

Steve, a seasoned expert in the automotive industry, formerly held a car dealer license in Florida. With extensive experience spanning across car trading and mechanical work, he founded Autohitch. His mission? To guide both buyers and sellers through the intricate maze of car purchasing, ensuring a seamless and informed experience. Outside of the automotive world, Steve has a passion for fishing and capturing the beauty of nature through photography.


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