Consumers urged to know their rights as car repossession rate spike
So if there are people coming to you and saying they’re coming to take the vehicle back because you’re in arrears, if they don’t have a properly and validly issued warrant of execution with them, you don’t have to give that vehicle back.
NFO adjudication official Johannes Brouwer says, “There are only two legal ways in which a bank can repossess or take back a vehicle from a customer.
One is with a court order; they have to follow the court process, obtain judgment against you, in terms of which they are specifically granted permission to repossess that vehicle.
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