Who owns the car after it is repossessed?

When a car is repossessed, ownership of the vehicle reverts back to the lender or lienholder. The lender has the legal right to take possession of the vehicle if the borrower fails to make the required payments. The lender may then sell the vehicle to recover the outstanding debt. In some cases, the borrower may be able to redeem the vehicle by paying the outstanding balance in full, plus any associated fees and charges.