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If the vehicle has already been repossessed, then the finance company is going to sell it and if there is any deficiency, go after her or her ex-boyfriend. At this point, since there was a default and the car has been repossessed, I am sorry to say but it is not possible to simply get her off the loan. I say this because her ex would have to either assume the loan or refinance it and seeing what stage this is at, it is not possible at this time. If she were to pay this on his behalf, she would then have to sue him to recover what she paid on his behalf.
I just wanted to follow up and see if you had any other questions or needed me to clarify something. I am here to help, so please let me know. Thanks!
At this point, they are not going to give it back to her or him. It is in their possession and they do not have to return it. If they did, it is a security risk and they will not lose it or give it up.
She needs to speak with them and see if they will allow that, at this point. If she pays it off, she needs to continue to pay but she needs to see if the finance agreement allow her a chance to cure once they accelerate the full amount due clause and take the car back. That is the issue. Sometimes the bank can demand payment in full or sell the car. They do not have to allow her to get caught up and return it and start paying again, if they do not want to so she can speak with them though about this.
She needs to perform her due diligence and try and determine what the car is actually worth. Selling it to a dealer is not going to bring her the most, so she needs to try and find out what she can get from a 3rd party / private buyer. Then, she can decide if she should pay it and sell the car and see what she will owe or if it is better to just let them sell it and put in the deficiency.
Do you know how much is owed on the loan?
If her Ex is not going to cooperate in the selling of the car, if she were to pay them the requested $2300 to get it back, there may be no point in doing that, because she would then be paying for a car and using it and then need to take the ex back to court, to get the Judge to either award her the car or for it to be sold. If she did allow them to sell it and it was repossessed, it would remain and if they went after her and she filed for BK, it could discharge the debt and would remain for roughly 7 years.