This article explains how vehicle repossessions work in Ohio, how to prevent them, and how to get your car back if it's been repossessed. Ohio's auto repossession law says that the vehicle lender or secured party can repossess your vehicle if you are just one day late with your payment.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. No, the insurance company cannot repossess the vehicle. Only companies that have a lien, or legal claim, on the value of that car, can repossess it. You should use this form when engaging a repossession agency to recover a vehicle on behalf of a creditor. All other states must have a repo title in the client's name. Prime Insurance Company helps insurance producers write more business. Contact us today to learn more about our specialty insurance. If your vehicle is repossessed, you might still owe the lender money on the contract, called a "deficiency" or "deficiency balance."
