I need my car in everyday life. It can still be repossessed?

This text explains the circumstances under which your car can be repossessed and the options for protecting yourself.

This is why your car is at risk

Not only your wages, salary and account can be seized. The car can also come under the wheels. If you can’t pay your debts or you don’t pay the installments of your car financing on time, you risk losing your own car.

In many cases, however, it is possible for you to keep your car.

Your car financing has been cancelled

If the car seller wants to take action against you for the outstanding debt from the cancelled car financing, you have to do something. Your car is not protected. It may be liquidated.

Here is an effective way to keep the vehicle. If the financing for your vehicle has been terminated, you must ensure that an agreement is quickly reached with the creditor.

To do this, you must contact the financing bank or the seller. Or you can hire someone to do it for you.

schuldenhilfe deutschland knows the processes and the possibilities to keep a car despite debts and execution.

Foreclosure, bailiff or insolvency administrator

A car is one of the items that the bailiff may seize and the insolvency administrator may liquidate. This means that you can basically lose your car in case of debt.

Even in the case of a broken financing or unpaid leasing installments, the question arises as to whether you have to give up the vehicle.

With the right behavior, you can often avoid this and continue to drive your vehicle.

Under what circumstances can i keep my car?

The following questions are important here:

  • How much is the car still worth??
  • In what condition is it?
  • Is the vehicle fully paid for and your property or
  • If the financing is still in place and z.B. The bank has the vehicle title?
  • If the vehicle is needed for health reasons
  • Is it absolutely necessary for the way to work?
  • How much is the total debt??

Only the exact circumstances and your personal situation will provide the concrete answer.

If your car is already older and therefore only worth a small amount, you can usually avoid seizure and liquidation quite easily.

Even newer vehicles can protect you from enforcement.

For cars that are still being financed or are in the process of being financed. If you have been given notice of termination, you also have the option of keeping the vehicle.

I need my car for work

Even if the vehicle is absolutely necessary for your way to work, there is a possibility that you will continue to keep your car. This also applies if your spouse or partner uses the car. If you can reasonably be expected to use the bus or train, the car can still be disposed of. When the change is reasonable for you depends on the exact circumstances.

My car is particularly valuable

If your vehicle has a very high value, then it depends on whether you need the car in everyday life.

If you need a car in everyday life, then your valuable car can still be sold and a cheap used car can be procured for you by way of exchange seizure.

The creditor must buy for you a simple car, technically in order. This is the car you will get in exchange if you have to give up the valuable car.

The creditor gets the proceeds from the sale less the cost of the cheap replacement car.

If the valuable car is a second car that is hardly used, then the creditor does not have to procure a replacement in the event of seizure.

Nevertheless, there are ways to protect the car.

How can I keep my car? Hire the debt help service

If you would like to take advantage of professional legal support to keep your car, please send us a non-binding message. We have been dealing with such cases for several years and know how to settle the matter as quickly and safely as possible. We have already helped many of those affected who found themselves in a similar situation. It goes without saying that we will treat your request with complete confidentiality.

schuldenhilfe deutschland is familiar with the processes and the possibilities for successfully reducing debts.
Take the first step now toward a debt-free future: free consultation

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