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  2. Car Repossessions on the Rise — Are You in Danger of ... - AOL

    www.aol.com/finance/car-repossessions-rise...

    The new car loan rate for September was 7.4% compared to the average rate of 6.9% at the beginning of 2023. The percentage of car owners that pay at least $1,000 a month jumped to 17.1% in the ...

  3. 'A major roadblock': Car repossessions are up 23% in 2024 ...

    www.aol.com/finance/major-roadblock-car...

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  4. Repossession - Wikipedia

    en.wikipedia.org/wiki/Repossession

    Various objects can be repossessed, including boats and aircraft, but most repossession agencies focus on car repossession. The repo agent normally uses a tow truck or pickup truck with a special towing attachment called a boom. They also may obtain the key from the car owner. Usually, the vehicle owner must be notified of a repossession.

  5. Car Repossession: What to Do Before, During and After - AOL

    www.aol.com/car-repossession-during-160042812.html

    The effects of the coronavirus pandemic have been especially burdensome on auto loans borrowers. Unlike student loans and mortgages, there are no government-backed relief programs to cover a ...

  6. Vehicle impoundment - Wikipedia

    en.wikipedia.org/wiki/Vehicle_impoundment

    Vehicle immobilization is a key part of the act of impounding.. Vehicle impoundment is the legal process of placing a vehicle into an impoundment lot or tow yard, [1] which is a holding place for cars until they are placed back in the control of the owner, recycled for their metal, stripped of their parts at a wrecking yard or auctioned off for the benefit of the impounding agency.

  7. Auto auction - Wikipedia

    en.wikipedia.org/wiki/Auto_auction

    Repossessed: vehicles can be voluntarily or involuntarily repossessed by financial institutions for several reasons, including late payments, undisclosed past credit issues, or failure to maintain full coverage insurance. Auto auctions are the most common method of disposing of repossessed vehicles.

  8. Repo driver sustains six gunshot wounds in encounter at ... - AOL

    www.aol.com/repo-driver-sustains-six-gunshot...

    A man was shot in the 2000 block of Southwest Villanova Road in Port St. Lucie on Jan. 25, 2024, during the attempted repossession of a vehicle, according to the Port St. Lucie Police Department.

  9. Vehicle location data - Wikipedia

    en.wikipedia.org/wiki/Vehicle_location_data

    Private companies use vehicle location data for vehicle repossession and consumer profiling. [1] Government databases have been subjected to legal orders for location data. [ 6 ] [ 7 ] Access may be restricted to use in criminal cases, but may also be available for civil cases, such as divorce.

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