Lienholders Policies For Vehicle Title Asset Recovery

Be aware that if you're the primary borrower on a defaulted automotive loan, some lenders are ramping up their recovery tactics. For instance, Wells Fargo Automotive is incentivizing repo agencies with $500 per vehicle to prioritize repossession amid a shortage of repo personnel. This means banks are putting bounties on their vehicles to expedite recovery. If you're in this situation, negotiating with the lender could be advantageous—they prefer money over the hassle and cost of vehicle recovery.