What to Do When a Secured Vehicle is Repossessed?
1 Answers
The simplest approach is to first report the incident to the police, allowing the public security authorities to file a case for investigation and handling. It is advisable to contact the seller initially and attempt to resolve the issue through negotiation. Generally, you may request the seller to bear the liability for breach of contract and compensate for the losses. For buyers who knowingly purchase a mortgaged vehicle despite being aware of its mortgage status, the relevant civil law provisions may not apply. Typically, properties with unclear or disputed ownership or usage rights, including land ownership, cannot be mortgaged.