This is usually done in accordance with a purchase contract or credit contract, in which the consumer agrees that the seller (the " lien holder r") possibly will repossess the purpose if the signers are past the refinement period (normally used for prime lenders the serious number is 30 days late making an installment payment but can vary based on how many payments have already been made, the length of the business relationship, reason why past due, etc.). Contracts that consent to repossession also frequently spell out additional fines that the customer must pay to the seller, supposedly to cover the seller's costs of the repossession and of depreciated value of the object, as the seller is now in possession of a "used" object. In some places self-help repossession is not allowable; the lien holder is requisite to go to court to get hold of an order of replevin. However, in some states, repossession is compulsory and suits of replevin are not allowable.

If a lender finds itself in the circumstances of needing to repossess property even as the borrower attempts to pass up this, the dealer might contract the work of repossession out to a repossession agent. Many things can be repossessed, but mainly repossession agencies focus on auto repossession.

The repo agent usually uses a haul truck or lift up truck through a special hauling accessory, other than sometimes they pick the lock or obtain the key from the car owner.

Generally the vehicle owner must be notified of repossession. The repossession agent will find the car and check the VIN to make sure they have the right car. They will the hook up the car to the tow truck and tow it away or pick the lock and drive it away.
A provision of law, requires when repossession takes place, the lien holder has a non-delegatable compulsion not to cause a Breach of the Peace(which is synonymous with disturbing the peace) in performing the repossession or the repossession will be reversed, and the party ordering the repossession will be liable in favor of damages (or the lienholder will be held responsible. This requirement not to breach the peace includes even if the breach is caused by, say, the debtor objecting to the repossession or resists the repossession. In the court case of MBank El Paso v. Sanchez, 836 S.W.2d 151, where a repossession agent towed away a car even after the loaner locked herself in it. The court decided that this was an unlawful breach of the peace and declared the repossession unacceptable. The debtor was also awarded $1,200,000 in damages as of the bank.

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