Can a Buyer Be Charged Full Price for a Repossessed Vehicle?

Generally, no. After repossession, the lender must sell the vehicle in a commercially reasonable manner and credit the borrower with the proceeds. The borrower is not liable for the full original price again. If the sale doesn't cover the loan balance, a "deficiency balance" may remain, but the lender cannot double-charge. State laws vary; consult a consumer attorney for specifics.

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