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Repossession

Where can you find financing to reclaim a repossessed car?

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Wiki User
2004-07-14 22:21:34
2004-07-14 22:21:34

family, friends, crooks, loansharks? How good is your credit now? Call a few banks and find out. Do you have anything else to put up for collateral on another loan?

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Every person's financing situation with their vehicle is unique. You'll have to call the people that repossessed your car (your bank, the dealership) to find out.

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If the dealer ship financed the vehicle, or represents the financing party, such Ford Finance, or GMAC, then yes they can.

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You can find information on repossessed car auctions on websites such as Absa (under repossessed cars), AutoBidMaster and RepoDirect. Depending on where you live there can also be local sources of information.

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The lender who holds the note on your car, is the one that repossessed your car.


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