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Im paying off my auto loan and I still have my car parked in my garage. Can a bank charge a repossession fee if you still have possession of the vehicle?

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Im paying off my auto loan and I still have my car parked in my garage. Can a bank charge a repossession fee if you still have possession of the vehicle?

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So long as the fee is ‘fair’ then yes, they could call the fee whatever they wanted, repossesion fee, admin charge etc etc.

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