Complete this form and bring it with the license plates, if any, to any Motor Vehicles office. The following are guidelines to help you formulate a repossession policy for the credit union to follow.This article covers how vehicle repossession works in New York state and what your rights are as a New Yorker. How do I fill this out? 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. Here's what to do if you can't make car payments or if your car is repossessed. Next, detail the debtor's information along with the vehicle's specifics. Give us a call at (718) 340-3385 or fill out a contact form for a free case evaluation. Form MV-327 - Notice of Repossession of Motor Vehicle or Motorcycle . The creditor can determine whether to sell the vehicle at a public auction or private sale.