If a car loan lender can't repossess a vehicle, it will probably get possession of the car through a process called "replevin." While repossession does not involve a formal process in court, replevin consists of getting the court to order the consumer to return the vehicle to the lender.The best bet for you is to sell the car, pay off the balance of the loan, and then use the remainder to buy a less expensive car outright. If the collection agency has obtained the lien, it is their car, and they can do as they wish within the limits of the original contract. Buying or refinancing a vehicle loan at Travis is quick, easy and can save you money. We have the products, resources and experience to get you the best rate. If you default on your car loan payments, the lender can take your car back through repossession or replevin. Learn the difference. What will happen if a writ of replevin is issued against myself for a financed vehicle that I no longer have possession of? On or around August 12, 2004, Plaintiff took out a first position loan with Residential Mortgage Capital.