How can you regain ownership of a repossessed vehicle?

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Answer

As you likely know by now, the lender has the right to accelerate the balance due when the car is repoed. Usually this is upon the 2nd repo or after X number of times in DEFAULT (late payments). It is at the lenders option. Read your contract again. It should be found where it says DEFAULT.

First answer by ID0000000000. Last edit by ID0000000000. Question popularity: 200 [recommend question].