I'm sorry to hear of your dilemma.
Unfortunately, when you breached the sales contract
by failing to make the payments, the lender had the legal right to repossess the vehicle. After that, they have no obligation to do anything other than to allow you to pay the vehicle off in full. Your inability to do that will allow them the right to sell the vehicle at auction.
There is no law which can be used to prevent the lender from enforcing the contract as written, I'm afraid. The simple fact is that the lender is holding all of the cards, and they may dictate the terms of you getting your vehicle back. Perhaps what you might consider is applying for a new loan and having your parents co-sign the loan for you. That would eliminate the need for the loan to be based solely on your credit score, and you would likely not have to pay the full $5,000 you are presently prepared to pay just to get the new loan.
I wish you the best in resolving your unfortunate problem.
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