If you are buying bank repossessed vehicles, the bank will require you to make a new agreement with them. The vehicle will now be in your name as apposed to taking over the other person’s loan. This way, you would not in any way be involved with the previous agreement, but would have rights to the vehicle subject to the lien which the bank will establish with the new loan. It is in your interests to do it this way as you have no idea what other debts the previous owner had or the possibility of the asset being seized for another debt. Keep the deal straightforward and strictly your own. You want to be sure that buying bank repossessed vehicles doesn’t backfire on you.
For more info, see How to Buy Repossessed Cars