Complete this form and bring it with the license plates, if any, to any Motor Vehicles office. The MV-327 form serves as a crucial document for the repossession of a motor vehicle or motorcycle, outlining the steps a repossessor must take.NOPE. The repo company may tell you or demand you exit the vehicle but they can not take the car with you inside of it. The following are guidelines to help you formulate a repossession policy for the credit union to follow. My son bought a new car, the contract is signed and he drove it home. They can sue you for the balance you didn't pay for the down payment, but unless it was in the contract they can repossess, the law in CA doesn't allow it. The answer is yes, but it HAS TO BE IN THE TERMS OF THE AGREEMENT. They can sue you for the balance you didn't pay for the down payment. You should use this form when engaging a repossession agency to recover a vehicle on behalf of a creditor. Dealership is out of business.