Learn more about Arizona's repossession laws, what Arizona repo agents can and cannot do, and what happens after the car is taken away. Repossession Companies​​ The debtor's name, last four digits of loan or account number, vehicle description including the vehicle year, make, model.If you don't make your car payments on time, your lender might have the right to take your car without going to court or telling you first. Repossession of Property Financing occurs when you buy property (a vehicle, mobile home or furniture) but do not pay the entire sales price at once. So, items you purchased with a credit card can't be repossessed. Creditors Can't Repossess Property Named as Collateral in an Unenforceable Contract. If you can no longer afford your car payments, you can return the car to the lender in an exchange called a voluntary repossession. Voluntary repossession is when you return a car you can't afford to the lender. Even if you successfully complete a voluntary repossession, the payments you missed on the auto loan will still appear on your credit report. Are Title Loans Legal in Arizona?
