repossession
Repossession happens when a bank or lender takes back a car because the owner hasn't been making their payments. After repossession, the car is usually sold again to someone else.
Repossession is the process by which a lender takes back a vehicle from a borrower who has failed to make the required payments. This often occurs when the borrower is delinquent on their loan, leading to the vehicle being sold again in the used car market.
Hear It Discussed
"Department of Justice that improperly repossessed 28 service members' vehicles. Uh-oh."
Mega Meet Car Talk! In Wheel Time Podcast: Your Go-To Automotive Talk Show
"What happens when a consumer who bought a vehicle through America's CarMart no longer makes payments on that vehicle? What happens to that vehicle? Well, America's CarMart comes and takes the..."
Car Dealers Are Running Out of MONEY (This Is Getting Serious) | Episode 1088 CarEdge Live
"In fact, buy here, pay here dealers are still 16 times more likely to have a loan in active repossession than traditional dealers, and 10% of buy here, pay here loans were delinquent in Q3 2025."
Hurst on Career Growth, Crowell on Transparent Ads, Dobbs on Compliance | Daily Dealer Live Car Dealership Guy Podcast
Cars Known For This
Episodes Mentioning "repossession"
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Car Dealers Are Running Out of MONEY (This Is Getting Serious) | Episode 1088
CarEdge Live
Used Car Prices SKYROCKET to RECORD HIGHS | Episode 1073
CarEdge Live
Hurst on Career Growth, Crowell on Transparent Ads, Dobbs on Compliance | Daily Dealer Live
Car Dealership Guy Podcast
BMW's STEP Program: Nurturing the Next Generation of Technicians
Beyond the Wrench
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Clutch Culture Podcast
#424 - Reducing Repos with GPS Technology: What Independent Dealers Need to Know
The Independent Dealer Podcast
The Used Car Market Is In SERIOUS TROUBLE | Episode 1036
CarEdge Live
Mega Meet Car Talk!
In Wheel Time Podcast: Your Go-To Automotive Talk Show
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