Can i get my car back if it gets repossessed


Asked by wiki @ in General viewed by 244 People


Can I get my down payment back on a car that was repossessed after a month due to losing car insurance?

Answered by wiki @


I’d say no and here’s why. When you set up your lease/loan within the fine print somewhere it likely stated that the vehicle must be covered with xxxx amount of insurance against loss/theft and in some cases you have to name your bank/leasing company an additional insured so they get paid if you damage/total their vehicle. Since you let your insurance lapse you broke the terms of the contract. Hence the reason they came to get back “their” investment.

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