If you are a co-signer on a car loan and the car is repossessed are you given the option to buy the car yourself before it is taken to auction?

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no you do not get to puchase the vehicle before it is auctioned the loan company will have tried to contact you to make the payment it would then be up to you to get the car from the other person by way of repossessing it yourself through small claims court
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Where can you get a loan to buy back your car that was repossessed?

Answer . Mike, that depends on how great your credit is. A repo on your record is NOT going to help. Any interest rate you get will be HIGH because of your credit rating.\n

Shouldn't you get a letter from the finance company giving you the option of paying of the loan before your car is sold at auction in Virginia?

Answer . NO...but you can CALL the lender and ask to pay it off..\nVirginia\n. \nTITLE STATE: Yes\nSECURITY INTERESTS: Shown on title held by lien holder.\nLICENSE REGISTR

How hard is it to get a new car loan after a bankruptcy repossessed car has been taken?

Answer . I have friends that have had cars repoed and they and went bankruped and got a car,new in less than a year. I guess they figure you owe no one any money and they h

Can a co-signer have a car repossessed?

NO. IF the co-signor is also listed on the TITLE as co-owner, they can take possession. If not listed on the title they would need to bring a civil suit and bring enough evide

Can you buy another car before your car gets repossessed?

O' yea, that is a brilliant idea. If you can afford to buy another car, then you can afford to pay for the one you agreed to pay for. Make the payments on the car you now own,

Your car was on a buy back list because of problems Before the buy back could go through your car was repossessed What are your options?

Then the car was never yours - it 'belonged' to the finance company until you have paid the full amount. When a person buys something they pay the seller the purchase price
In Cars & Vehicles

If you have a repossession on your car how can you get a car loan?

You can get a car loan, but will have to put down a very hefty down payment - sometimes as much as 50% of the value of the car. Small finance companies are more likely to help
In Repossession

Can you object to a repossession before car is taken?

Yes, and many people do object to their vehicles being repossessed, before and after the repossession. Unfortunately, your objection will have little effect. If you are delinq