What to do after your car has been reposessed

There is only usually one reason why your car has been repossessed, you have failed to make repayments on some kind of hire purchase or car loan agreement and since the company cannot get you to repay them, they have sent a recovery team to collect the car from you.

It is likely that they already have a set of keys that can open your door, so don't think for a second that your car is safe, if you think your car might be repossessed, either park it where they cannot find it (not a street away, recovery workers aren't stupid) or lock it up safely in your garage (or someone elses - even better).

Contact the finance company immediately, before your car is repossessed preferably, it may be possible to stop the repossession from occurring. However, if they have already sent a recovery team to take the vehicle, it is possible that you can still contact the finance company to discuss a payment plan, especially if you can afford to make sizeable payments to the company immediately.

Repossession is a court-approved action, you cannot prevent this from happening and you could be liable for further criminal action if you try to forcibly prevent the recovery team from doing their job. However, they do not have the right to break into your property. If you have paid more than one third of repayments, the vehicle cannot be repossessed without a court order.

If you have entered into a HP agreement on the car that is less than twenty five thousand pounds, you can simply request for the agreement to be terminated. Repay what is owed and you will not have to deal with any future payments or the car. However, if you owe a loan company, you can pay off your loan early, pay off the recovery company (who will charge you anyway) and then get the car back.