Your car has been repossessed today you know where it is your tags are still on it can you go and drive it away?
depends on your state about the tags whether they stay with the car,or if you can go claim them, as for taking the car after its been repossed most professional companies have reported it to the police and the bank. taking the car back would be auto theft
Can your vehicle be repossessed after the loan and security agreement has expired but you still owe a considerable sum?
The biggest turn-off when buying Repossessed Car: As you already know, Repossessed Car Auction is a great way to buy your new car or other types of vehicle (boat repo auction, RV repo auction, ...); however, it seems almost too good to be true, because the price is very low. The catch lies in the fact that Repossessed Cars were taken from their previous owners by the government, so they are basically used cars. Therefore…
There are certain strict procedures that an automobile repossessor must follow when he is repossessing your car. The repossessor must notify the police that such vehicle is being repossessed, you did before or after the repossession has occurred. In either case, the police should know right away that the vehicle was repossessed. If this is not the case, then the vehicles like to have been stolen.
I don't see why not - but if it's the only car on your policy ask your agent to give you a "hired and non-owned" policy so you still have liability coverage if you drive someone else's car or rent one. Also, if you plan to replace the car right away or settle the issue with your auto lender, you're probably better off not canceling the coverage.