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If your car's repossessed and they take it to an auction do you have to pay anything and how long will it be on your credit?
Wiki User
∙ 8y ago
You dont HAVE to pay anything. You may not get credit in the future because you dont pay. It will be on your CR usually for 7 years. Depending on where you live, if the lender gets a judgement, they could garnishee your wages.
Wiki User
∙ 8y ago
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Where can I find cheap repossessed Cars?
Your local car auction can provide you with a great selection of repossessed cars and trucks. You can contact banks and lending istituions for a list of cars tey have for sale most cars are sold at auction.
What happens to title loan cars when they are repossessed?
They are sent to an auction and sold.
Where is the closest Government auction for repossessed cars near zip code 11963?
Govdeals.com
How can I buy Repossessed Cars from bank or title lender?
These entities regularly auction off repossessed cars. Places and times vary by bank and region, so call the banks in your area to get started.
Where can you find out the most auction for cars online?
You can find thousands of government owned/repossessed cars by going to the government auction site. The prices start very low and there are thousands to choose from.
How do you buy finance repossessed cars in Australia?
Go to a repossession auction. They are often advertised in the newspapers and on radio.
Where can you buy repossessed cars in new Zealand?
http://www.trademe.co.nz/Trade-Me-Motors/Cars/Jeep/auction-150415882.htm http://www.trademe.co.nz/Trade-Me-Motors/Cars/Jeep/auction-150415882.htm
What are the laws of repossessed cars in Canada?
Cars repossessed laws in Canada a vary by provine.Whether your car will be repossessed depends on such factors as the province you live in and how for behind you are with your payments.Vehicle repossessed is negative impact on your credit rating. If you want more information email me at natalsiapatterson34@gmail.com
Where are repossessed cars sold?
Repossessed cars are generally sold at auctions, so look out for car auctions in the local press. Make sure that you ask for a catalogue before the auction and do some research before you go to bid.
Where can repossessed cars be bought?
Repossessed cars may be purchased from many car dealerships some specialize in repossessed vehicles and others may have the occasional defaulted payment. Another great place to find repossessed cars is with a financial institution, there are many people struggling, taking credit, the car is often the first thing repossessed when the loan is called in.
Where is it possible to look at repo cars for sale?
Repossessed cars that are for sale may be viewed at Auto Bid Master. They have a wide selection of cars that can be purchased through an auction type system.
How do repossessed cars affect your credit rating?
A car reposession will leave a major black spot on your credit rating for 7 years.
