Re: My Car Was Taken Help
State laws differ but normally when a car is repossed, the creditor/lessor have the legal authority to seize your car as soon as you default on your loan or lease. Most of the time the car is sold at a public auction (or maybe a private sale). Many states require the creditor/lessor to let you know the day & time of the public auction in case you want to attend & bid. It seems your car was just repossessed. Therefore, you can probably call the creditor & let them know you want to buy the car back & are prepared to pay what you owe. You can buy it back by paying all you owe + any expenses connected with repossesion. You can ask the bank how much the cost for expenses are & when you might get the car back. The expenses would vary according to how long they had to store the car, etc.
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