Auto >> AutoSPT >  >> Auto Repair

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

The length of time a car dealer must wait before selling a repossessed car varies from state to state. Here are some examples:

* California: 15 days

* Florida: 10 days

* Illinois: 30 days

* New York: 20 days

* Texas: 14 days

During this time, the dealer must notify the borrower of the date, time, and place of the sale. The borrower may also have the right to redeem the car by paying off the debt in full.

If the car does not sell at auction, the dealer may sell it privately or wholesale.

It's important to note that these are just general guidelines, and the specific laws regarding repossession and the sale of repossessed cars can vary depending on the state in which you live. If you have any questions about the process of repossession and sale, it's best to consult with an attorney or the consumer protection agency in your state.