If you fall behind on your car payments in Pennsylvania, the lender has the right to repossess your vehicle. However, there are specific laws and procedures they must follow. Here’s what you need to know about car repossession laws in Pennsylvania:
Repossession Without Notice
In Pennsylvania, a lender can repossess your car without any prior warning if you default on your loan payments. They do not need to send you a notice before taking back the vehicle.
Peaceful Repossession
The repossession company cannot breach the peace or use force to take your car. They are not allowed to enter your home, locked garage, or fenced-in property to repossess the vehicle. However, they can take the car if it’s parked on the street or in an unsecured area on your property.
Notice of Sale
After your car has been repossessed, the lender must send you a written notice about the upcoming sale of the vehicle. This notice must include the date, time, and location of the sale.
Right to Redeem
You have the right to redeem your repossessed car in Pennsylvania. To do so, you must pay the full outstanding balance on the loan, plus any repossession fees and costs, before the vehicle is sold at auction.
Deficiency Judgment
If the sale of your repossessed car does not cover the entire balance of your loan, the lender can sue you for the remaining amount, known as a deficiency judgment.
It’s important to understand your rights and obligations when it comes to car repossession in Pennsylvania. If you are facing repossession or have had your car taken, it’s best to consult with an attorney who specializes in this area of law.