Can I buy a local mortgaged car?
The normal way to repossess a car should be through the court, sued to the court, and then the court property preservation, by the court to judgment, individuals do not have the right to tow the car. Any forced towing against the will of the owner is illegal. The creditor can only sue through the court, the court in the form of property preservation, to recover the debt from the debtor. So, there is absolutely no need to worry about the court to repossess the car, to see if your car is worth it to let the court to send people, I have never seen the court to send people to repossess the car, because the car and the house is different, the house is real estate, the car is movable property, not good control, and the cost is also larger.
Does the bank have the right to repossess the car you bought with a mortgage?
1, first of all, the bank is a state-owned enterprise, everything must be done according to the law, go through the normal legal procedures, they do not have a special department to find the car.
2, the bank to do car loans generally have to car owners to provide proof of property, proof of income, ID card or require a local person to do security. The big book will be bet on the bank. If the owner stops making payments, the bank will chase the owner, the owner does not pay the loan bank will go through the process, sued to the court, do not let the vehicle transfer, but the car can still be used normally.
3, the car is movable property, go around the country, and the vehicle is a consumable, although there is GPS, but the rules of the mortgage car is to remove the car's GPS clean, and then re-install the GPS, so it is difficult to find a chance of a car, and then if you send someone specifically to look for the car, the cost of this is too high, time-consuming and laborious.
So banks usually just go through the normal process, and it's illegal to send someone to force a tow truck. No bank would be stupid enough to do that.