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This is actually quite common. There is lag time between the receipt of payment and the lender notifying the repossession company. The problem here is that per the contract, you defaulted. As a result, you breached the contract, and the lender in most cases can take the vehicle regardless of what you pay. It may not seem fair. It may sound unethical. But! You signed the contract. It is assumed that you read and fully understood it when you did so.

That all being said, the lender does not want your car. They want your money. The longer the loan lasts, the more money they receive. They are very likely then to return you vehicle, but they may require that you reaffirm the loan before doing so.

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15y ago

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