Car is repossessed – can I get it back?

Maybe. With some lenders, once a loan has gone into repossession status, there is no turning it back. With others, you may be able to get your car back — if you pay off the entire loan balance plus repo costs, in cash. In other cases, the lender might accept all past-due payments and hold the repossession. Only your lender can tell you which of these methods apply in your case.

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Used Car Guide – Expert Tips and Advice for Smart Buyers