Is it considered a repossession if you take the car back before the first payment is due because the dealer lied about what he would do to the car and how many miles were on it?

Charlie, if you signed a contract promising to pay X number of dollars for X number of months and dont pay, then the collateral will be taken back and considered "repossessed". Doesnt matter how the collateral gets back to the lender. Its a businness deal.