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What do you do if your car is repossessed?

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Firstly, in a legal sense, the lending institution owns the car, you are just the registered owner on the title - you promised to make timely payments to the lender in writing. Repossession occurs for one main reason - the agreed upon payments were not made by the purchaser at the interval specified in the loan agreement. The lending institution who initally granted the loan to you has the title in their files - they own the car, and will continue to own it until they are repaid in full for the monies they gave to the dealership or whomever the car was bought from. There is little recourse - the lending agency, who owns the car anyway, is just taking back their property and will attempt to resell it to recoup their losses. You may try talking to the lending institution and possibly by making up all back payments and signing another loan agreement, with a higher interest rate because you are now an 'at risk' borrower, you might be able to drive that car again.
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