When you finance or lease a car, truck, or other vehicle, your creditor or lessor holds important rights on the vehicle until you have paid off your obligation. These rights are established by the contract you signed and by state law. If you fail to make payments on time or default on your obligations under the contract in any way, the creditor or lessor may have the right to repossess your vehicle.
O.C.G.A. § 10-1-36 provides the respective rights of the buyer and seller following the repossession of a motor vehicle sold under a retail installment contract.
O.C.G.A. §§ 44-12-131 and 44-12-138 cover repossession of motor vehicles following a title pawn transaction.
For a more detailed discussion on motor vehicle repossessions, please visit https://www.consumer.ftc.gov/topics/buying-owning-car
For directions on obtaining a title for a repossessed vehicle, please visit www.dor.georgia.gov/general-title-information
 To access the laws cited in this article or any part of the Georgia Code, please visit the Georgia General Assembly and type in the relevant Code Section (e.g., “10-1-36”) into the provided search bar. (Links off-site)
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