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How Do I Fight Car Repossession ?

If you decide to purchase a car then you should always make sure that you have enough money to cover the payment, otherwise you could risk your new car being repossessed.

Types of Car Finance available ;
The type of finance that you opt for will ultimately depend on how long you plan to have the car. If you decide that you will have the car for at least four years then you may find that taking out a loan or a hire purchase loan will be the most suitable option for you.

However if you decide that you want a brand new car and are unlikely to have it for less than three years then a personal contract purchase plan may be your best option. Obviously the best choice really is to pay for the car out right and not rely on loans or credit at all, but this is not always a choice.

How can my car be repossessed ?
When you decide that you wish to take out a hire purchase agreement you are allowed to take the goods but they are technically only hired until the time that you complete the payment in full. You will then own the item.

You car can be repossessed if you do not meet the repayments as agreed so if you want to avoid repossession then make sure you pay as previously planned. If this does happen then the company or person who lent you the money will be allowed to take legal action and will have to apply to the Court for a repossession order. However, it is important to remember that they are not allowed to enter your property if you do not consent for them to do so. Before they can do this they will have to serve you with a default notice so it is worthwhile understanding this procedure so you know how they must legally act.

Be aware that should you wish to carry on making payments but need more time to be able to do this then once you have received the default notice you should apply for a Time Order Form which will allow you to find the money to meet the repayments.
You should also note that if you have paid less than one third of the total amount that you borrowed then the lender is allowed to repossess the car without having to obtain a court order. However they are still not allowed to enter your property if you do not give them consent to do so. In this case they will have to apply to the court for a repossession order. In cases where you have paid one third or more of the amount borrowed then your car is protected and can only be repossessed with an order from the Court.