Wellington’s Automotive News is reporting that after a new vehicle’s warranty expired, it would be able to be repossessed by the owner for $25,000 and sold for $2,000 less.
The car maker says the law currently allows this type of repossession but that it’s only been allowed once since the introduction of the new law.
The law came into effect on January 1, 2015.
It’s now unclear if it will continue to allow repossessions after that date.
Read moreThe law does allow the owner to have the car repossess, but only if the car was registered in their name or if the owner is unable to prove that they were the original owner.
The automaker has yet to publish any statistics on the number of repossessors.