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Buying a repossessed car today can be a great way to save money, but be careful to inspect the car to be sure there are no hidden problems since they are typically sold "as is". Some dealers specialize in repossessed cars and you can also find them at a local auction.
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∙ 10y ago
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My Car was repossessed what do I owe the bank?
They will auction the car and you will have to pay the difference of what you owe and what the car sold for.
Can you make a profit on a repossessed car?
Yes you can make profit on the car if you buy it from the bank.
My car was repossessed can i get the radio i purchased out of the car?
Maybe, if you have the original, but, it is ultimately up to the bank.
If you get youre car get repossed can you buy a new car?
Sure, but you might have trouble getting the loan to buy it due to the fact that your other car got repossessed by the bank that gave you another loan.
What does repossession of car mean?
When a car is repossessed it usually means the owner is no longer able to make the payments. It is repossessed by the dealer or the bank in which to owner has the loan through.
Can you buy another car even though is repossessed?
If you have had a car repossessed, you have not kept up with the payments. You probably still owe money on the repossessed car. In these circumstances, the fact is that you can not afford to purchase another car and would not be able to obtain the finance to do so.
How long does the bank have to come after you after your car has been repossessed?
Does the bank have your current address and/or phone number? They will be calling on you.
Can a car be repossessed if a Washington state bank lends to a Oregon creditor?
Sure.
If your car is repossessed in Pennsylvania can your wages and bank accounts be garnished?
check this site
How do you find out who repossessed your car?
The bank/lending company are the ones who repo your car the repo chimps are just their agents.Your bank should tell you.
Why does a car get repossessed?
The person who bought the car didn't make payments so the bank takes it back.
How do you nominate someone to purchase repossessed car?
You don't. The car will go to an auction, and the highest bidder will win it.
