What could a 'buy here pay here' auto dealer do if you just take the car back?
If you stop making payments, someone will come get the car.
Simple. If you take it back to the lot, they will sell it again.
And sell you another one when you get another down payment. If the
vehicle is recovered by the lender it will be sold at public
auction for as close to the fair market value as possible. The
borrower will be responsible for any deficit between the sale price
of the vehicle and the loan balance plus applicable repossession
fees, interest and other costs. If the borrower does not reach an
agreement with the lender for repayment of any outstanding debt,
the lender may take whatever steps necessary tht are allowed under
the laws of the borrower's state to recover monies owed, including
a lawsuit. The repossession action will appear as a negative entry
on the borrower's credit report.