Debts for parking tickets can accumulate in New York City and for many it can be a problem to pay them in one payment.
For this reason, The finance department has a program so that drivers can pay the amount with monthly installments with 9 percent interest.
This can prevent your vehicle from being towed or help you free it.
The City points out that, however, entering this plan means an increase in the total amount of the fines, when interest is added.
so, yes If you owe $1,000 and you choose a 24-month payment plan with 9% interest, you’ll end up paying a total of more than $1,100.
However, they point out that to avoid additional interest you can pay the full balance due, or pay more than the monthly installment amount, to finish sooner and pay less interest.
So you can apply to the installment program
You can enroll in the plan online by following the instructions below:
- You must be the registered owner of the vehicle or a lessee of the vehicle.
- You must agree to include in the payment plan all parking tickets that they have.
- You must pay 20% or more of the total amount due at the time you enter into the agreement.
- For debts less than 350 dollars you must accept a maximum plan of 60 days. If you are older, you can choose a plan of up to 24 months.
- Your license, registration and insurance must be up to date.
- If your vehicle was towed by authorities, you can register online with Republic Immobilization Services at the following link..
- If your vehicle has not been towed, and you have a judgment debt of $350 or more, you can sign up for a standard parking ticket payment plan with the Finance Department. online at CityPay.
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