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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.

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โˆ™ 2015-07-15 21:39:27
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Q: Can you refinance your loan instead of letting it be repossessed?
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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 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.


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.


Can you refinance your car loans?

Do you want an extension on an existing loan or a new loan? You can refinance anything if you can find a lender.


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.


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.


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.


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.


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.

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