Latest Posts
Home > Ask The Get Out of Debt Experts > The Auction House Says They Will Hold Our Car for Two Days. Can They Do That? – Lorrie

The Auction House Says They Will Hold Our Car for Two Days. Can They Do That? – Lorrie

“Dear Steve,

Car was repo’d two weeks ago, owed just over $1000 to pay of our six year loan. Was not informed that the car was going to be taken until after it was gone. Paid off the amount plus fees, we now owe $0. The car was being held at an auction place the papers from the finance company said that we had to wait 24 hours after they received our cashiers check. Called the company to pick up car and they said they got a release from the finance company but they wont release the vehicle to us until the earliest Wednesday (two days from now).

Does the auction place have legal right to hold our vehicle for a number of days when it is 100% paid off… and we own the vehicle?

Lorrie”

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

The Auction House Says They Will Hold Our Car for Two Days. Can They Do That?   Lorrie

Dear Lorrie,

I would think that a situation like this requires the parties to follow whatever internal procedures they have. And it sounds like that is what the auction company is doing.

It sounds inconvenient but not catastrophic. Of course I have to state the obvious, the best way to avoid it would have been to make sure your payment was not late. I assume that’s why your car was snatched.

Please post your responses and follow-up messages to me on this in the comments section below.

Big Hug!

The Auction House Says They Will Hold Our Car for Two Days. Can They Do That?   Lorrie
Get Out of Debt Guy – Twitter, G+, Facebook

If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

The Auction House Says They Will Hold Our Car for Two Days. Can They Do That? - Lorrie by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.