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In GA when a car is repossessed, it is sold at auction and the lender can seek to sue you for the deficiency judgment, which is the difference between what it sold for and the loan balance. You can dispute the amount by proving the lender did not sell the vehicle at or near the book value of the vehicle and undersold the car, since they are responsible to mitigate losses by selling reasonably close to the book value of the car. If they did sell at book value, then I am afraid they can pursue you for the deficiency amount due. If they sold under book value, you can take them to court and the court will generally reduce the deficiency amount by the difference they sold the car below the book value, but I am afraid you would still be liable for the deficiency judgment amounts.
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