If the lender agrees, yes. The matter is entirely up to the lender because the borrower is in default.
In Indiana, once an auto loan has been repossessed, the borrower typically cannot reinstate the loan to get the vehicle back. However, they may have the option to redeem the vehicle by paying the full amount owed on the loan, including any fees and costs associated with the repossession. It’s important for borrowers to review their loan agreement and consult with the lender to understand their specific rights and options after repossession.
Texas, Oregon, Washington and others.
The FHA does not have specific guidelines for auto repossession. Auto repossession is typically governed by state laws and the terms of the loan agreement between the borrower and the lender. It is important to review the terms of the loan agreement and consult with legal counsel if facing auto repossession.
As far as I know there is no statute of limitation on auto repossession in any state. Check with your state Attorney General to be sure. I will post a link for you to read. Repossession should be your last resort. Hiding a vehicle from repossession is a crime in some states. The consequences of repossession are always bad for you.
new purchase not in repossession
Do you need a private dectectives license to do auto repossessions in the state of Ma
You will receive notices that your payments have not been received, making your auto subject to repossession, but you will not receive a date and time of the repossession.
Can wages be garnished for the balance of an auto loan in the state of Delaware
NO state agency or board. Any complaints should go to the State Attorney General office.
Liability
Yes.
Yes.