What Happens to a Vehicle After It's Repossessed

The tow is the visible part. What follows it decides how much of the balance the lender actually recovers. ## From Tow Truck to Disposition A recovered unit is transported to a secure lot, photographed, and inspected for damage. Personal property inside is inventoried and stored so the borrower can retrieve it. The lender receives recovery confirmation with condition documentation, and required post-repossession notices go out. From there the borrower may have redemption or reinstatement rights depending on the contract and applicable law. If the account is not resolved, the lender gives disposition instructions and the unit is released to auction or to a dealer for remarketing, with sale proceeds applied to the balance. This page is general information, not legal advice. Each step protects either the collateral value or the file. ## Four Things That Happen Next Photos, mileage, and damage noted Belongings inventoried and held Required notifications sent by the lender ## How We Protect Value After Recovery Auction or dealer remarketing proceeds Condition is recorded immediately so later damage claims can be answered. Units are held in a controlled lot with personal property logged separately. Release, redemption, or transport to auction happens as soon as you instruct. **Key Points:** - Secure, monitored storage - Condition photos on arrival - Personal property inventory and return - Prompt transport for remarketing **Topics Covered:** - Intake - Property - Notice - Sale - Document on Arrival - Store Securely - Move on Your Word ## About PRG Asset Recovery & Holdings LLC **Company:** PRG Asset Recovery & Holdings LLC **Phone:** (210) 745-0964 **Email:** repos@theprg.org **Service Area:** San Antonio, Austin, and throughout Texas **Licensing:** Texas licensed, bonded, and insured recovery agency **Website:** https://prgassetrecovery.com/what-happens-to-a-vehicle-after-repossession