Complete this form and bring it with the license plates, if any, to any Motor Vehicles office. The lender or leaseholder can repossess the car even if you are only a few weeks behind in your payments and even without any notice to you.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. YES, You can definitely repo YOUR vehicle. By law it's still your vehicle. 1. Enter the lienholder's name and address. Unfortunately, the negative item that shows up on your credit report after a repossession makes it more difficult to secure a new loan. How To Buy a Car After Repossession. Experienced Repo Man, Sean James goes about repossessing cars. In some cases, a car repo may be considered situational bad credit if a financial hardship caused the repossession and you had good credit up to that event.