Auto Loans and Financing
Repossession
Loans

What if you voluntarily contact the finance company to return your vehicle and they do not want it back?

101112

Answer

User Avatar
Wiki User
02/14/2007

The lender has no legal obligation to recover a vehicle and usually will not if the vehicle has greatly depreciated due to age and/or condition. The buyer cannot receive a clear title to the vehicle until the loan is paid or satisfied. The lender can use whatever means allowed under the laws of the debtor's state to collect monies owed, including filing a lawsuit against the debtor.