Can the bank under California Law ask for a co-signer in order to redeem a repossessed vehicle?

The bank does not want to release my car unless I can have a co-signer for the loan. Is there a law that I can quote that states that I do not have to provide a co-signer for the auto loan?

Can the bank under California Law ask for a co-signer in order to redeem a repossessed vehicle?

Auto finance is what I do for a living and lets face it you have already defaulted on the loan once so why would the lender let you have their vehicle back without a co-signer?

The lender has a right to protect their investment and you have shown that you are not trustworthy.

Frankly, I don't think you deserve to get the vehicle back and anyone that co-signs for you is a idiot.

Can the bank under California Law ask for a co-signer in order to redeem a repossessed vehicle?

but surely as you are getting it back from repossession then you have already defaulted on the loan in the first place......they must have the right to protect their investment.......

regards

Can the bank under California Law ask for a co-signer in order to redeem a repossessed vehicle?

You are out of luck. The bank is saying that you are not creditworthy enough and they want someone more financially responsible on the loan to make sure they don't have to hunt you down and repo that vehicle again.

It's one of the perks of not paying your bills on time.

Can the bank under California Law ask for a co-signer in order to redeem a repossessed vehicle?

There is no such law. If the bank does not feel you qualify on your own for a loan they are with in their right to ask for a co-signer.

Can the bank under California Law ask for a co-signer in order to redeem a repossessed vehicle?

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Can the bank under California Law ask for a co-signer in order to redeem a repossessed vehicle?

Of course there are no laws forcing banks to loan money when it looks like they would just be giving it to you. Since you aren't going to pay for the car you need to produce someone willing to do it for you.

Can the bank under California Law ask for a co-signer in order to redeem a repossessed vehicle?

Sure they can.

Can the bank under California Law ask for a co-signer in order to redeem a repossessed vehicle?

I must agree with Spifiman1, you do not deserve your vehicle back.

You have already show yourself not to be responsible.

And anyone that co-signs for you is a idiot.

Can the bank under California Law ask for a co-signer in order to redeem a repossessed vehicle?

You already defaulted once, of course they can demand a co-signer.