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Answered 2007-02-01 12:38:54

Possibly yes. They can resale your repossessed car dirt cheap and sue you for the difference in what you owed and what they got for it. Then they can sue you to collect that difference. If they win the suit they can have the sheriff pick up anything you own to sell at public auction to help pay that money they supposedly "lost". It's possible but not real likely. It depends on the mob that runs the finance Company

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Can anyone reposes cars?

Yes, your car can be repossessed by a company if you are behind on payments. However, it has to be a licensed repossess to be able to do this.


Can your car be repossessed by the car dealership if you never gave proof of income?

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Can your car be repoed if you have full coverage and you licance is revoked?

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Do most finance company allow you to pay the late payments and then continue with the agreed contract if the vehile was repossessed?

If your vehicle has been repossesed then your best option is to no longer make payments until this vehicle has been resold; which takes place through an auction. Once vehicle is sold you will receive a final bill for the remaining amount that was left over. The final stage of this process is to settle for 30% or less on the remaining balance.


My husband died a year ago. Can the finance company repossessed my deceased husband's vehicle although I have been making timely monthly payments?

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What is the difference between a normal boat and a repossessed boat?

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Can a car be repossessed because someone is borrowing it?

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Your car was repossessed with your belongings in it Can you consider them stolen and call the police?

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What is the meaning of variable annuities?

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What do I do with a car that was voluntarily repossessed and the finance company won't come and get it?

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What can you do if your car is repossessed?

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In Texas do they have to inform you before they repo your vehicle?

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If the bank repossess your car do you still have to pay your car payments?

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What happens when a car is voluntarily repossessed?

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