answersLogoWhite

0


Best Answer
Copy

yes - as long as she get's them the money to pay it off any way - before they get the car she will be ok - she can trade it in, pay it off with cash, refinance it, etc. The trouble is if she is behind on the payment, other auto lenders are probably not going to want to lend her money on another car. THey will want to know if she can't pay that one, why/how will she pay us.

User Avatar

Wiki User

โˆ™ 2015-07-15 21:39:27
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Add your answer:

Earn +5 pts
Q: Can you refinance your loan instead of letting it be repossessed?
Write your answer...
Submit

Related Questions

Who does one talk to to refinance a loan?

If you want to refinance a loan, discuss it over with the company/people who you had a loan with in the beginning. Whoever you financed a loan with first, refinance with them again.


How do you get ex boyfriends name off joint auto loan?

You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.


Can you refinance a car loan after the car has been totaled and repossessed to get lower payments?

NO. You no longer have collateral to secure the loan. Unless you are willing to use real estate or another vehicle that is fully paid off and owned for security.


Why do people refinance their home instead of paying it all off?

You may refinance your loan to get a lower interest rate. Another reason you may want to refinance is to get some equity out of the home in order to upgrade or make repairs.


How can you remove the cosigner from a mortgage?

You must pay off the mortgage and refinance the loan in a single name.You must pay off the mortgage and refinance the loan in a single name.You must pay off the mortgage and refinance the loan in a single name.You must pay off the mortgage and refinance the loan in a single name.


Can a co-borrower get off the loan?

The only way for a co-borrower to get off a loan is to refinance that loan, and do not include yourself in the refinance process.


How would you refinance an auto loan?

You can refinance an auto loan at any place you can get an auto loan. It may be best to use an agency in which you have already gotten a loan through before.


Do you need to have a separation agreement to refinance a mortgage in your name?

You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.


Where can one refinance their auto loan?

One can refinance their auto loan at any bank. One simply has to apply for an auto refinance loan. It is important to compare all of the available options; that way a lot of money can be saved.


How can one refinance a car loan with Capital One?

There are many ways one can refinance a car loan with Capital One. One can refinance a car loan with Capital One by applying at the official Capital One website.


Can I refinance a residential loan once foreclosure proceedings have started?

Yes, and you should keep fighting to stay in your home until the foreclosure is final. Make every effort to contact and work something out with your lender. Right now the banks don't want any more repossessed homes if a refinance could help you repay your loan.


Can a car be repossessed in California without a lien being placed on the title?

IF the loan is perfected, it can be repossessed. If you have signed a loan contract with the vehicle specified as collateral for that loan, it can be reepossessed if the loan is in default.


What does refinance means?

refinance means you're going to take the money that you currently owe on a loan and pay it off with a new loan.


What is a mortgage refinance loan for?

A mortgage refinance loan is exactly what the term implies. A homeowner can refinance a mortgage on their home in order to get a lower interest rate on their remaining balance on their mortgage debt.


Where can one find home loan refinance quotes and rates online?

Home loan and refinance quotes and rates can be found on numerous sites online. These sites include Close Your Own Loan, Chase Mortgage Refinance, and America First.


Where could someone find home refinance loan rates?

Zilliow have home refinance loan rates. Also you can find more information on MSN money. The company bank rate also have home refinance loan rates avalible.


Can your driver's license be suspended for not paying the balance of a loan after the vehicle was repossessed?

No. Absolutely not. Your driver's license cannot be suspended for not paying a loan or the balance of a loan, repossessed or not even if you get threats from the loan company.


What is the difference between a refinance and a home equity loan?

There are many differences between a refinance loan and a home equity loan. These include differences in costs, loan structure, interest rates and accessing your money.


What is the purpose of a refinance auto loan calculator?

The purpose of a refinance auto loan calculator is that it helps you to find out if you can afford to change your loan terms. It will tell you what your new monthly payments will be.


Where can one get refinance or home equity loan?

You can get a refinance or home equity loan from banks such as Chase. Alternatively, you can also get this loan from the Bank of America. You can apply online at their respective websites.


Can you refinance home equity loan without touching the first loan?

That's what a refinance is changing the terms. However, if you have equity, can get a 2d as alternative.


What are the rules and regulations for obtaining a refinance loan in California?

The rules and regulations for obtaining a refinance loan in California are very simple, one should have available cash and enough savings to pay. If one has enough available cash, he/she obtains a refinance loan.


Where can someone find an Auto Loan Refinance Calculator online?

One can find an Auto Loan Refinance Calculator online at Lending Tree or PNC. One could also find an Auto Loan Refinance Calculator from Nationwide or NFM Lending.


How soon could you refinance after you purchase a car?

As long as your current loan shows on your credit and can be accessed by the refinance company, you can refinance anytime. There is no set time to refinance.


Can your cosigner refinance your car without your permission?

No. As the one who originally took out the loan, they cannot refinance your car loan without your permission. The only thing they can do (and have to do) is to pay your payments if you default on the loan.