Lienholders use this form to report repossession of a vehicle or vessel. Take this completed form and a Vehicle.You have the right to redeem the repossessed item up until it is sold or within 21 days of receiving notice that the creditor is going to keep it. 1. Enter the lienholder's name and address. Use the Repossession Affidavit template to create a document without hassle and in minutes. Washington repossession laws allow you to get your car back before it's sold through a process called redemption. This form certifies the purchase price and determines the sales tax you must pay when registering the vehicle. Are you looking for a car? Check Out Our Inventory Today! Buying a Car After Bankruptcy?