After repossession, a consumer may have the option to redeem the vehicle before it is sold by paying the entire outstanding balance of the car loan, including interest, costs, and fees.
New York gives you the right to redeem or get back your repossessed vehicle by reinstating the contract. You reinstate your contract by paying any late/missing payments plus repo expenses such as towing, storage, and legal fees. But you must act quickly to do this.
After repossession, a consumer may have the option to redeem the vehicle before it is sold by paying the entire outstanding balance of the car loan, including interest, costs, and fees.