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If a car that you are buying from an individual was repossessed because he filed for bankruptcy can you get it back?
Wiki User
∙ 8y ago
NOT if it was repoed by a lender. You had NO standing in the contract between the lender and the B/K person. You should have watched the B/K person closer so you didnt get burnt. Next time buy from a car lot or bank.
Wiki User
∙ 8y ago
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What is the catch in buying repossessed cars?
The biggest turn-off when buying Repossessed Car:As you already know, Repossessed Car Auction is a great way to buy your new car or other types of vehicle (boat repo auction, RV repo auction, ...); however, it seems almost too good to be true, because the price is very low. The catch lies in the fact that Repossessed Cars were taken from their previous owners by the government, so they are basically used cars. Therefore, you must take all the steps necessary to find out about the history or the damages of the repossessed car yourself.Why you should still go for Repossessed Car:The easiest answer is: because it is very cheap. Normally, you can find one at as low as $200. Furthermore, even though repossessed cars have been used, they were taken away because their owners couldn't pay the bills, not because they were damaged or got into accidents. Thus, most of the times you will find very good repossessed cars that are perfectly normal and usable. Still, remember to check its history and VIN number! Also, remember to visit websites like www.vehicleshq.com to prepare your knowledge before going to a real repossessed car auction.
Is springair mattress in bankruptcy?
yes but i heard another company is buying them out
Buying house for cash after bancruptcy?
It is not so practical buying a house after bankruptcy because if there is no option for you, you might want to sell the house too, but the price would not be the same as you bought it and it is hard to sell one property.
What research should one do before buying repossessed cars?
Before buying repossessed cars, you should first research the frequency of repair and maintenance costs on the models in auto-related consumer magazines. You can also ask for the car's maintenance records from the owner, dealer or repair shop.
Where can you buy repossessed homes in UK?
The best place to buy repossessed homes is at property auctions. Properties can be picked up much below market price but its important to know what you are doing. There are many sites available containing information on property repossession or buying repossessed homes.
Can a piece of property be purchased after a bankruptcy discharge in July?
add on to question, buying piece of land with cash only, can it be done after being discharged of bankruptcy in July
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.
What are the advantages of buying a table from the Pottery Barn?
There are many advantages of buying a table from the Pottery Barn. An individual would love their table because it is crafted to perfection and they last a lifetime.
Can a piece of land you are buying from an individual in a foreign country prevent you from filing Chapter 7?
Possibly. The trustee will take into consideration that the filer has assets to purchase property. It is possible that the bankruptcy can be dismissed, due to lack of good faith on the part of the debtor.
Does buying a repossessed vehicle raise your car insurance?
In this state buying a repossessed vehicle is no different from buying any other vehicle as far as insurance is concerned. The insurance agent checks over the car, takes pictures, checks the odometer, and quotes the rate just like any other used car. Of course if you have one car and you purchase a second car, your insurance goes up.
Should I buy matching sets of patio furniture or mix and match individual pieces?
Buying a matching sets are cheaper then buying individual pieces.
How much does a business make?
The amount of capital that a business can make ranges from filing bankruptcy to buying a presidency.
