It will most likely be resold ... the loan company paid for the car to whomever it was bought from. They need to recover the money they spent, and if selling that car again is what it takes, then they will take that approach. Some will say "that is selling the same car twice" ... no, not really - it was sold once and the buyer refused to make the payments. The car is owned by the company that loaned the money in the first place. They have bills to pay just like everyone else ... they loaned money out, and they need it paid back.
It also could be sold at an auto auction ... for the amount that is still owed ... usually a cash sale for the full amount.
yes
get repossed
The person or company that repossed it.
TO ANSWER YOUR QUESTION WHEN A CAR GETS REPOSESSED AND GETS RETURNED TO THE ORIGINAL OWNER ANYTHING AND EVERYTHING IN THE CAR IS LEGALLY GOING TO BE TRANSFERRED TO THE ORIGINAL OWNER OF THE CAR
That is what we call theft. And then you will be sued, your wages garnished and your credit destroyed.
the car will most likely be repossed and a court order issued against you for what is owing plus costs
Pay what you owe.
Yes, it can.
The lender who holds the note on your car, is the one that repossessed your car.
If your was repossed you need to call the car company and pay your car
Payments made after a car is repossessed will no longer be returned to the debtor. In fact, the lender can still require the debtor to pay the remaining balance of the loan.
you usually do. it happened to my brother.