Hi Everyone,

I'm not particularly clued up on what happens after a car is repossessed, and a friend is in a spot of trouble...
my friend took out a car loan with the bank, and bought the car she wanted. a while into the payments (I'm guessing around a year or so), she became unemployed and was unable to pay the installment, so the the bank has repossessed her vehicle.

The bank is now asking for the money to be paid, so they can auction off the vehicle...

Now as far as I have read, there are two avenues that are possible here:
A)she pays off the debt.
B)she gets them to auction off the car, and the amount it sells for gets deducted from what she owes.

The thing that concerned me the most is when she said they wanted her to pay the amount, and also auction the vehicle. this didn't sound right. surely if she pays the amount she owes, she gets her vehicle back...