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The lender has to sell it in a "commercially reasonable manner". they may be waiting for a better season to sell it, prices vary by season. this might be in your best interest and it might not. Call a local attorney for state/case specific advise,

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โˆ™ 2015-07-15 19:41:23
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Q: How long does the bank have to sell your car after repossession?
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Related questions

How long after a vehicle repossession does the bank or car company have to sell the vehicle and is there a maximum time limit in Tennessee?

30 days and 20 minutes dude


How do you sell a personal financed car?

repossession


How long does the repossession process of a car usually take?

The repossession process of a car usually takes about 6 months


What happens to the car after repossession?

The bank sells your car at an auction lot for about half the price you paid for it.


What will a car repossession do to your credit rating?

A repossession on your credit is NOT GOOD. Avoid it if there's anyway possible. You say the car is SOLELY in your name?? GO GET IT and sell it.


Can you get a car back after repossession?

Of course, call your bank and pay them what you owe and they will let you have it back as long as you have not waited so long that they have sold it to someone else.


How long after repossession can you get a car loan?

The repossession stays on your credit report for 7 years.


Do you still owe for car returned before repossession?

Unfortunately yes what the bank or creditor will do is sell the car most likely at auction for "X" amount. you end up liable for the difference between what they sell it for and the remaining balance of the loan.


How do you surrender a car to the bank or lender?

Bad idea!! This is called a voluntary repossession. Your credit will be ruined for 7 years, and you will still be responsible for the difference in what the bank sells the car for and the balance on the note. Go to the bank and sit down and work out new payments. Sell the car yourself and borrow the difference if you are upside-down on the loan. Have someone possibly take over the payments. Do whatever is necessary to avoid a repossession.


Can you sell a car after you have paid repossession fees on that car?

Not unless the title has been cleared by the lien holder.


Why is the bank reporting a car as a repossession when it was stolen and totaled and you are still paying for it?

Because the lender repossessed the car from where ever it was after being totaled.IF you had gotten the car back after it was totaled, it couldn't have been a repossession.


After repossession does a car dealer have to wait before they can sell your car.?

IT DEPENDS IF IT IS BUY HERE PAY HERE OR A BANK REPO BANK REPOS YOU HAVE 15 DAYS TO PAY THE CAR OFF IN FULL AND 30-60 DAYS TO RETRIVE YOU BELONGINGS OUT OF THE CAR. BUY HERE PAY HERE LOT WILL GIVE YOU YOUR CAR BACK AS LONG AS YOU PAY THE REPO CHARGE AND YOUR BACK PAYMENTS

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