In worst cases, you may not be able to repay the loan leading to repossession of your car. Therefore, it is useful to know how to get back repossessed car.

The details of when your lender can repossess a car is usually mentioned in the loan agreement. Also, depending on the rules of the state that you live in, you may be charged an additional repossession fee. While most lenders try to recover the dues through phone calls or written communication, some lenders may send Section 80 Notice, which has the payment details and allows 30 days for complete payment. In case, you do not pay up during this period, the lender has the right to repossess your car. You may consult a consumer finance lawyer and explore ways of getting a car back after repossession.

Repossession of your car can happen anywhere – at home, office, or parking space. However, repossession firm must abide by the laws that prohibits it from breaking open a locked garage for repossession purposes. Also, the representatives of the repossession firm cannot enter your house uninvited, damage the vehicle, threaten you of arrest or of violence, pull you to the roadside, or have police accompany them unless the lender ha already sued you. They cannot repossess your car during the grace period. This is against the law and you seek legal help in getting repossessed car back. Also, the repossession firm cannot take your personal belongings lying around in the car.

To learn how can i stop repossession of my car, it is advisable to seek legal help from a consumer finance lawyer. Once your car is repossessed, you can expect a notice from the lender telling you the estimated value of the car, the amount to be paid, additional fees to get the car back, and the stipulated duration (21 days) to make the payment. In case, you cannot pay the amount due in the defined time, your car will be sold at an auction. The proceeds will be reduced from the outstanding amount. However, if there is still a difference outstanding you will be required to pay it. Many lenders are ready to close the debt if you can pay even 50% of this amount.