Can a car dealership repo your if you already have lender for the vehicle?

In most cases, a car dealership cannot repossess a vehicle if there is already a lienholder, such as a bank or credit union. However, there are a few exceptions to this rule.

* If you default on your loan, the lender may repossess the vehicle, regardless of whether you owe money to the dealership.

* If you buy a car from a dealership and then trade it in for another car, the dealership may be able to repossess the first car if you don't pay off the loan for the first car in full.

* If you buy a car from a dealership and then sell it to a private party without transferring the title, the dealership may be able to repossess the car if the private party doesn't pay off the loan in full.

If you are worried about your car being repossessed, it's important to stay current with your car loan payments and to contact your lender if you're having trouble making your payments.