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Why haven't they repossessed your car yet they know where it is it has been 2 years now?
Wiki User
∙ 18y ago
Number one reason is they DONT want it. Why?? It is not worth the extra money the lender would spend to repo, prep, and sell it. That amount would not reduce that amount owed enough to justify repoing the car. This is common with older cars that are broke down,wrecked or the loan was upside down to start with. One other reason is they REALLY DONT know where it is. Maybe the alledged repo agent/s have been giving mis-information for whatever reason. I have found many cars for lenders that were misinformed as to the condition/location.
Wiki User
∙ 18y ago
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