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Auto Loans and Financing
Repossession
Liens

How do you voluntarily repossess your own vehicle?

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Wiki User
2015-07-15 19:50:41
2015-07-15 19:50:41

You clean out all PP, and make it available to the lender at a reasonably convient time. Not a hard thing to do. IF the lender has a local office,dealership,ect. you can deliver it to that location and leave it.

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If there are no liens against your vehicle, there is nobody who has (or to have) ground to repossess it.

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Yes, but only if the employee used his own vehicle voluntarily and a company vehicle was available.

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A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.

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Well, you own the vehicle subject to the lien. You cannot sell or refinance the vehicle until the lien holder is paid. If you don't pay the lien, the lien holder can repossess the vehicle. So you own it subject to your paying the loan.


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