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  • Auto Loans and Financing
  • Repossession
  • Loans

If the dealer accepts partial payment can they still repossess your car?

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βˆ™ 2006-09-06 22:40:16

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Yes. Once the lending agreement is in default the lender may take whatever action they choose in recovering the monies owed. It is a misconception that by making a partial or token payment the creditor will not be able to assert their legal rights. The lender can accept the payment, still repossess the vehicle or pursue litigation.

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βˆ™ 2006-09-06 22:40:16
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