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∙ 10y ago
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How can they still get money from us if they got 10000.00 at auction and you have paid 10500.00 do you still have to pay 10000.00 more for a car that cost 17000.00?
You paid $10.500 for auto. It went to auction! then it must of been repoed! How much did you owe on auto when it went to auction. the auction paid 10000 & THE COST WAS $17000. Did they send you a paper showing balance owed to car along with auction sale price. I wouldn't pay another cent to them.
What is the most a car has ever sold for at auction?
The highest price ever paid for a car at auction was $11 million paid for a 1931 Bugatti Type 41 Royale Sports Coupe sold by the auction house Christie's in 1987.
What happens to the car after repossession?
The bank sells your car at an auction lot for about half the price you paid for it.
What kind of prices represent the average car auction prices?
According to the auto auctioneer, car shoppers should avoid auto auctions as the average car auction price is much higher than it should be as auctioneers represent the sellers and are paid to sell.
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.
What is an insurance recovery car?
Stolen car that claim was paid off by the insurance company. The car was later recovered. Because the claim was already paid the car is owned by the insurance company and they will typically sale these at auction.
What is the highest price paid for a car?
1962 Le Mans Winning Ferrari 330 TRI LM, which sold for $6.49 million, the highest price paid for a car at auction
Are you liable for fees once police auction off your car?
It depends on how much they get for the vehicle. If it is a low value car it will be crushed but you are still liable for the fees incurred. If the car is in good condition then the car will be auctioned off and the fees paid from that. However you do not receive the balance of the proceeds. There are lots of auction houses which are contracted to sell motors on behalf of police authorities with hundreds being sold throughout the country each week. Two of the biggest car auctioneers are Mannheim and British Car Auctions, and there are several hundred that sell seized cars.
What is the laws on repo's on title loans?
Almost without exception, once you car has been repo'd the title loan company has to hold the car for a set period of time, allowing you to pay the loan back. If you still have not paid (usually 30 days), the car is sold at auction.
What are some opinions on FreeCarJobscom?
Yes. They will give you some infomation on how to TRY to get a car like that and get paid for it. This is very similar to car auction scam sites.
Will a car auction take a vehicle that does not run?
Sure, a car auction can be done on a car that does not run. You probably won't get very much cash for it, though. You likely know this going in to the process.
Is it legal to repossess and inventory and send a car to auction within a 24 hour period in Florida?
YES. Once a car is repoed, the PP must be inventoried and the debtor notified by law. The car can then be sent to the storage facility (auction).
