Lopez said, though, that banks won’t just dump repossessed cars onto the market, meaning that values may not crash. The effect of all of this on the wider economy will not be good, he says.

Car repossessions, which are becoming more common after a dip during the COVID-19 pandemic era, have serious financial consequences for lenders and borrowers. Over a million cars were repossessed ...

Car dealers, repossession experts and charity car recipients the world over have stories about things left behind Before you donate your car to charity (as you should to get a great tax break and ...

Sierra Vista, AZ -- Personnel from the Better Business Bureau are warning car shoppers to beware of Web sites offering too-good-to-be-true deals on repossessed cars. BBB has heard from people ...

A few quick facts about repossessed cars. Repossession laws vary from state to state. Lenders don’t want to repossess cars.; One missed payment can trigger repossession. A repossession affects ...