The lender may have the right to repossess your car if:
* You breach a term of your loan agreement other than the payment terms, such as failing to maintain insurance or registration on the vehicle.
* The lender discovers that you provided false or fraudulent information on your loan application.
* The car is subject to a lien or judgment that takes priority over the lender's lien.
If you are concerned about the possibility of your car being repossessed, you should contact your lender immediately to discuss your options. You may be able to avoid repossession by making a payment arrangement with the lender or by refinancing your loan.
Here are some things you can do to reduce the risk of your car being repossessed:
* Make your loan payments on time and in full.
* Keep your car in good condition and maintain all required insurance and registration.
* Avoid violating any of the terms of your loan agreement.
* If you are having difficulty making your payments, contact your lender and explain your situation. They may be able to help you work out a solution.
