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Nelson, they would have a couple of real goofy options.1. they could refinance the new car and include the balance of the old loan for a HUGE total.2. they could be the SECOND leinholder on the new car somehow. I guess they would have to loan you money to pay the old balance and take the new car as collateral.Neither of these options look realistic, but who knows??

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โˆ™ 2011-09-12 14:51:18
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Q: Can a loan company take a newly financed car in your name as collateral toward the balance of a loan for a car that was repossessed a few years ago?
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