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Auto Loans and Financing
Repossession

Can a car dealership who in-house financed the car repossess it?

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2015-07-14 16:09:22
2015-07-14 16:09:22

YES, if they have the folks, ect. to do it. A lot of note lots do so.

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If a car dealership has a lean on your car and you have not made the required payments they may repossess your car.

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No. The lienholder is the only entity with a right to repossess.

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A dealership can only repossess your car if you do not pay in accordance with the sale agreement. If you did not pay the agreed down payment, the car may be repossessed.

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The DEALERSHIP won't repossess the car, but the lender might if you don't make the monthly payments as scheduled.


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