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Ralvek:
Good advice. Repo'd cars are normally sold at auction and never fetch the amount owed on them. You're absolutely right that a bank/financing company would rather get paid according to different terms than repo the car.
As long as someone isn't behind on payments, they should be able to negotiate something better. It depends on whether the particular bank/financing company is open to alternatives. Some are, some aren't. I believe that those that aren't open to alternatives and allow the customer to default are missing the big picture.
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