The repossess the car, can get a judgment against you and your credit is badly damaged.
If there are no assets in the estate the lender is out of luck as to having the loan paid off, however, it can repossess the automobile.
i bought a car and the previous owner never paidthe loan off now thereis a company wanting to repossess thecar from me what can l do
No, they will not.
yes, it is a default on a loan
Yes they can repossess everything that you got a loan for.
They can if you did not comply with the terms of the loan.
When the owner defaults on the loan payments
A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.
That's dependent on the conditions of your loan. Realistically, they can legally repossess it after one payment is missed, if those terms are stated on the conditions of the loan.