I certify that I, or the firm, company, or corporation I am authorized to represent, am the legal owner within the meaning of California Vehicle Code. If you get behind on your car payments or don't have auto insurance, the loan company can take your car.This is called vehicle repossession. This Motor Vehicle Repossession Services Agreement is between a creditor and a company who will repossess a motor vehicle at the request of the creditor. 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. This publication provides examples of vehicle and vessel transfers that are not subject to California use tax. My car was repossessed from my gated community, California, No, They gave me a settlement's of 3100 to pay to retrieve. Let ADESA work for you. Whether you're buying or selling, we've got the solution.