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How do you find out how much your repossessed car was sold for?
Wiki User
∙ 8y ago
You might want to consult a local attorney. The lender must have added on some fees, such as repo fees, attorney fees for judgement, collection,garnishemtn, maybe some repair charges to get the car running. Auction fees usually run 6-12% OF VALUE.
Wiki User
∙ 8y ago
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Where can you find out if the car that was repossessed has been resold and how much was it sold for?
The LENDER keeps such records and will share them with you ultimately.
How do you find out what price your repossessed car was sold for?
ASK the lender.
How can you find out if your repossessed car was sold?
The lender should let you know, you can contact them and they should tell you.
Who owns the car after it is repossessed?
It would go to a car auction and sold on to a new owner and may be sold for a price much less than it is worth
How can one find car repossessions that are being sold?
The place to go to find out about repossessed cars being sold is through the USA government websites. The cars are being sold at auctions and this would be where to find out.
What can you do if your car was repossessed but was not changed out of your name?
There is nothing you can do till the car is sold.
Can you get sued for the balance of your car loan after the car is repossessed and sold?
Yes.
Once your car has been repossessed and sold in Ohio how can you find out how much it was sold for?
Usually you will get a sale letter from the finance company or bank letting you know where the car will be sold, at what auction, and once it is over they will send you a letter of how much the car sold for and the remainder they will send you a bill for. This is concerning a public auction of your vehicle. If it was sold privately by the dealership or whomever, the only thing to do is call and ask.
Does a repossessed car have to be sold at a public auction?
NO. It can be sold any way the bank wants it to be sold
How might one purchase a bank repossessed car?
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.
If your car gets repossessed how long until you find out how much you owe?
The lender will tell you ASAP after the repo if you call and ask. Or they will send you letters stating the BALANCE due after the car is sold. Communications is the way to go.
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.
