Car Repossession information from the NC Department of Justice. Helpful suggestions for those behind on car payments or facing automobile repossession.This page will provide an overview of North Carolina's Repossession Laws and what you should know if you've fallen behind on car payments. In North Carolina, creditors have the legal right to repossess your vehicle if you fall behind on your loan payments. This guide offers practical steps and legal insights to help you recover your vehicle and regain control of your financial situation. The documentation and forms required for titling a vehicle are based on the situation involving the vehicle, as described in the table below. Upon default, the lienholder often has the right to immediate repossession unless there is a "grace period" provided for in the language of the contract. 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. My truck was repossessed this morning from a buddy's auto body shop in North Carolina. North Carolina law allows creditors providing car loans to repossess vehicles when a borrower falls behind on payments.
