Ford Expedition XLT
Dog Behavior

Can the credit company repossess your new truck if you voluntarily let them repossess your old truck?


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Wiki User
2015-07-15 18:40:24
2015-07-15 18:40:24

Only if the two loans were "cross-collateralizied".


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No. They can only repossess the power unit they were sent to repossess - they cannot take the trailer. At that point, it's theft. Especially if it's loaded.

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They can if you did not comply with the terms of the loan.

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Yes, if you are not making the payments the bank can repo your truck.

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