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Subjects>Law & Government>Law & Legal Issues

Can a bank repo a car after the contract has expired and you still owe money on the loan?

Anonymous

∙ 11y ago

Updated: 11/8/2022

A contract for a car loan does not expire. A borrower must pay the balance on the loan in full, according to the terms, in order to take ownership of a car. A lender can repossess a car at any time due to a default on the loan, even if there is only one payment left.

Wiki User

∙ 11y ago

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