Can you be charged repo fee if car was not repossessed?

In most cases, you can only be charged a repossession fee if the lender actually repossesses your car. However, there are some exceptions to this rule. For example, you may be charged a repossession fee if:

* You voluntarily surrender your car to the lender.

* The lender is able to repossess your car without having to physically take it from you (for example, if you leave it at a repair shop and don't pay the bill).

* You default on your loan and the lender is forced to take legal action to repossess your car.

If you are charged a repossession fee, it is important to understand what it covers. In most cases, repossession fees include:

* The cost of towing your car to the lender's impound lot.

* The cost of storing your car at the impound lot.

* Any legal fees associated with the repossession.

Repossession fees can vary significantly from lender to lender. It is important to ask about these fees before you sign a loan agreement so that you know what to expect if you default on your loan.