America's biggest used-car dealership illegally repossessed several cars in the late 2010s and early 2020s and has been ...

Unfortunately, buying a car usually requires a sizeable loan, along with regular payments that must be made on time. If you're struggling to keep up with your lender, you're not alone. According to ...

Imagine it's the near future, and you've bought a new car with a self-driving mode. But hard times hit and you fall behind on loan payments – then, one day you find your car has driven itself away to ...

If you miss payments on your leased car, it may be repossessed, which can be expensive and financially damaging. You can try to prevent repossession by making missed payments, contacting the leasing ...

When an account falls into default and results in repossession, the impact extends well beyond the loss of the asset. That negative mark becomes part of the borrower’s credit history and can shape how ...

Buying a car to impress people who barely think about you is expensive. However, losing that car to repossession is even more ...

From the lessee's point of view, the specifics of a repossession depend primarily on 1) the terms of the contract, 2) the payment history and 3) state law. Sometimes there's a little wiggle room – a ...

Affirming a Tax Court decision, the Eighth Circuit held that a taxpayer who repossessed his former principal residence after the buyer defaulted had to recognize gain equal to the excess of the cash ...

CarMax Inc., the largest used car retailer in the nation, has agreed to pay nearly $500,000 to settle allegations of illegally repossessing military members’ vehicles, the Department of Justice ...

In addition to being the largest used-vehicle dealer in the United States, CarMax is largely regarded among customers as quite reliable. But that doesn't mean that the company is infallible. For ...