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If your car is up for repo but is stolen before you return your car what happens?


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Wiki User
2015-07-15 19:48:03
2015-07-15 19:48:03

When your car is 'stolen", you file a stolen car report with the cops. Then your INSURANCE will pay off the loan. The lender will deal with the insurance co. and alls well. You dont have a car, but no payments either. BTW, the insurance co. HAS to be sure its stolen or they wont pay the loan off.


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If the bank made a mistake they will return the vehicle to you, the repo company is under a hold harmless and work the accounts the banks give them.

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when repo man repossess the car and was in an accident before you can get it back, what happens

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Yes, a repo is a repo whether you give it up or they take it.

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