It's 10 P.M. Do You Know What Your Repossession Agents Are Doing?

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Do you truly know what the repossession agents you’ve assigned to repossess one or more of your cars for you are doing? I’m hearing more and more about a very disturbing practice in the repossession services industry that, if true, could get repossession agents (and you, by extension) in trouble with the authorities and possibly sued. I understand that some repossession agents are placing global positioning system trackers on vehicles out for repossession, without the knowledge or consent of the car’s owner.

Here’s how it typically works: A repossession agent uses license plate recognition technology to locate a vehicle out for repossession, but the tow truck is not immediately available to “pop” the car. So, the repossession agent places a GPS unit on the car so he/she can track it. Later, the tow truck drive uses the GPS tracker to locate the car and repossesses it.

Originally published in Tennessee Dealer News, May/June 2019.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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