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Can your car be repossessed if it is almost paid off?

Yes, your car can be repossessed if it is almost paid off, as long as you have not yet made all of the required payments. A car loan is a type of secured loan, which means that the lender has a lien on your vehicle as collateral for the loan. If you fail to make your car payments, the lender can repossess your vehicle in order to satisfy the debt.

Although you may be close to paying off your loan, the remaining amount that is owed can still be significant. If you are facing financial difficulties and are unable to make your car payments, it's important to reach out to your lender as soon as possible to discuss options such as a payment deferral or modification to avoid repossession.