Complete this form and bring it with the license plates, if any, to any Motor Vehicles office. YES, You can definitely repo YOUR vehicle.By law it's still your vehicle. There are many differences between a loan and a retail installment sale. To my mind, failing to use the proper term for the transaction can lead to confusion. Generally, repossessions occur where the purchaser of a vehicle fails to make payments on the car note. Repurchase agreements (often referred to as "repos") are transactions in which a transferor transfers a financial asset (typically a high-quality debt. The following are the most common ways that we see finance companies and repossession agents breach the peace during a vehicle repossession. This will occur where the loan is taken out specifically to purchase the consumer good. Application for Reverse Mortgages (Fannie Mae Form 1009). 2010-07.