Wow I knew I shouldn't have opened this thread. The way I've always looked at any kind of finance is, did the bank get their money? If not, then the repossession and sale of the property pays off the loan. If that's not enough, they come back asking for more money. It doesn't magically go away. Not to sound like a dick, but if I lost my job, I'd be selling my financed vehicles to pay off my loans, not sit on them for years.