What is the law regarding auto repossession?

Answer by  mem4dr (1378)

Laws vary by state, but in general, a vehicle can be repossessed by the finance company if the vehicle is sitting in plain sight (e.g. on the street). A repossession company cannot break into someone's personal garage to repossess a vehicle.

Answer by  marcy (69)

Generally autos can be repossessed if they can be found. While the repossessor may trespass illegally to get the automobile, that's a separate complaint and you can't stop the repossession that way.

Answer by  Brandydog (631)

Basically, the owner is entitled to take thier things back. Most north american places are lienient, and require the repossesor to send many polite notices before even calling you. Be aware of local laws though as some dealers will offer a lease to people that can't pay in order to extract some money than take back thier capital to resell.

Answer by  LeheckaG (1826)

Depends on the locale/state; generally, an automobile lender maintains a secured-interest in the vehicle, and can legally reposess such when the borrower breaches their loan contract, like late or missed payments; provided the lender does not break other laws (such as tresspassing) or endangering the general public in the process.