A “Redemption Quote” is the exact amount of money the lender requires you to pay to get your repossessed vehicle back. This amount includes the outstanding loan balance, accrued interest, and reasonable repossession expenses. Kramer Law Firm can help you by formally requesting this quote in writing from the lender. This ensures you have accurate information and creates a documented record. Understanding this amount is the first step in deciding whether redemption is a feasible option for you.