Legal Question in Business Law in Florida

Re: automobile repossesion

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Probably not based on the set of facts you presented but I would not be surprised to find that you have not included all pertinent facts. The original lender has a secured interest against the first car and a promise to pay by you. If you fail to pay, they can repossess the first car and you remain liable for any deficiency.

Scott R. Jay, Esq.

Re: automobile repossesion

The secured creditor can repo the car in which it has a security interest.