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Here's How Car Repossession Works And What To Do If It Happens

Unfortunately, buying a car usually requires a sizeable loan, along with regular payments that must be made on time. If you're struggling to keep up with your lender, you're not alone. According to ...
Yahoo

Car repossessions are up 43%. Here’s what to do if it happens to you

Add Yahoo as a preferred source to see more of our stories on Google. Shock. Anger. Shame. And finally, hopelessness. The emotions that follow a car repossession can be overwhelming, but they often ...
AOL

My car was repossessed after 6 months of missed payments during a hospital stay. I still owe $20,000 on a 5-year loan with 4 years left — am I responsible for the full amount?

Taking on a car loan comes with a lot of responsibility. With Experian reporting that the 2024 average car payment for new and used cars sat at $734 and $525 per month, respectively, it's very easy ...
Auto Remarketing

Repo volume at wholesale is up, but will remain below pre-COVID levels for years

Repo volume is climbing, but don’t expect it to get to pre-pandemic levels any time soon. After two years of declines, the amount of repossessed vehicle volume flowing into wholesale channels is ...
AOL

These 9 Cars Get Repossessed More Than Any Others — Here’s Why

Ever notice some cars seem to disappear more than others—and not because of theft? They're reposessed cars, and knowing which models top the list could help you avoid a major financial pitfall.

I just bought a new car, and now the dealership is threatening to repo it unless I pay them another $15,000. What are my options?

When it comes to pricing errors, like a typo in an advertisement, a dealer typically has some leeway. But when it comes to ...
Autoblog

This Company Is Turning Surveillance And Auto Repos Into A Gig Economy

This company is reshaping auto repossession through gig workers and constant surveillance. Here’s what that means for privacy and the industry. DRN sells license plate recognition cameras and data for ...
autoevolution

Delinquent Car Note Repossession Numbers Are Through the Roof, the Damage Runs Deep

You don't gotta tell me twice. Times are tough on the streets nowadays. Prices are up, inflation is still kicking us in the nads, and jokes about digging between couch cushions for change are now very ...

Man Tries to Steal Back His Repossessed Car, Ends Up in Handcuffs

There’s a right way and a wrong way to get your car back after a repossession, and a 21-year-old El Paso man just gave ...
AutoGuide

Subprime Auto Lender Goes Bankrupt—Fraud Alleged, Cars Repossessed

The seemingly sudden bankruptcy of subprime auto lender Tricolor Holdings has thrown the used-car financing world into chaos, with banks, investors, and regulators racing to untangle the complex ...
YourTango

Mom’s Car Repossessed At Daycare While She Ran Inside To Drop Off Her Toddler — It Was Taken With Her Infant Still Inside

The story has sparked a debate about who's at fault for the mishap and the cruelty of capitalism. In everyday life, let alone parenting, all it takes is a split second for absolutely everything to go ...