How to Handle a Repossessed Vehicle Due to Loan Default?
1 Answers
You can contact the seller to negotiate a resolution. Generally, you may request the seller to compensate for the losses and bear the liability for breach of contract. The mortgagee of the vehicle has the priority right to claim repayment and may demand the return of the vehicle. You can report the incident to the police and have the public security authorities investigate and handle the matter.