Generally, if you have a car loan and you default on your payments, the lender can repossess your car, regardless of whether you hold the title or not. In such cases, the lender holds a security interest in your car, which gives them the right to repossess the vehicle if you don't meet your obligations. This is true even if you have made a significant down payment and owe a relatively small amount on the loan.
However, repossession laws vary from state to state. In some jurisdictions, lenders must obtain a court order before repossessing a car, while in others, they can do so without prior notice. Some states also have restrictions on where and when a car can be repossessed, such as preventing repossession from private property or during certain hours of the day. If you are concerned about potential repossession, it is advisable to consult with an attorney or your local consumer protection agency for information about your rights and options in your specific jurisdiction.
