Final answer:
The process of a finance company taking back a vehicle due to non-payment is called repossession.
Step-by-step explanation:
The process of a finance company taking back a vehicle due to non-payment is called repossession.
When you finance a vehicle and fail to make your monthly payments, the finance company has the right to repossess the car. They can come to your house, or any other location where the vehicle is located, and legally take possession of it.
Repossession is a serious consequence of not fulfilling your financial obligations, so it is important to make your payments on time to avoid this situation.