If a car is repossessed due to the payments not being met then there is a period of time where the repayments can be sorted, or if not the car will be sold to recover as much money as possible. Any outstanding debts will still need to be honored and finance companies often have power to sell your home to recover the debt. It is possible to get good insurance to cover this scenario.
get repossed
The person or company that repossed it.
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
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.
Anyone's car can be "repossessed" if they don't make their car payment.....
whatever the worth is of the car or more