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Toyota Tacoma
Car Buying
Repossession

If you have a vehicle repossessed will it go back to the dealer or will the dealer be notified?

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2015-07-16 19:21:05
2015-07-16 19:21:05

Thats depends on the agreement between the lender and the dealer.

No once the deal is financed the dealer is out of the picture except for repairs etc.The process goes like this: Vol surrender will intail you agreeing to a time and date for a recovery company to come get the vehicle. In-vol repo the vehicle is picked up when it is found by the recovery company (repo man).The vehicle will be towed to a lot and store and cleaned for auction. You may have a opportunity to re claim the vehicle at this time by bring the account current depending on the lender. At aution the vehicle will be sold at wholesale and the remaining balance if any will be sent to a third party collection agency and collection efforts will begin against you. In some cases the dealer may have to pay for your default but that is pretty rare.

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No, and it is not likely any would if what you are saying is that your vehicle has been repossessed twice.

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Only if you intend to get it back.

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To get your repossessed car back you may need proof of residency, insurance, and, other personal information to retrieve your repossessed vehicle back to you.


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