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After a car is repo can the finance company sell it back to the dealer you bought the car from or is it suppose to be auction off?
Wiki User
∙ 16y ago
Normally it is not auctioned off but it can be. Normally they accept bids on it. The lender owns the vehicle and can sell it to anyone they wish, even the dealer you bought it from. You have no say in who they sell it to, and you are also going to be responsible for the difference in what it sells for and what you owe on it.
Wiki User
∙ 16y ago
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Who bought Pacific Finance Acceptance Company?
The company was dissolved in 1980.
Can you return a used car to the finance company in Canada?
Yes, you can return a used car to the finance company in Canada. However, you also can consider returning it to the dealer you bought it from as well.
Which of these cost more at a time 1a piece of painting bought at auction or 2a piece of jewelry bought at auction?
a ppainting bought at auction.....
Can a finance company report your car as stolen?
Yes, they can. They can't finance you car if your car is a stolen car. When you put your car from a finance company, make sure that your car isn't stolen and bought it in a big car company.
If there is back registration and a ticket on a repo car does the finance company pay for both or just the back registraion in California?
NO. no to what? no to the registration or no to the registration and ticket? they can't register the car if there is a ticket on it. so who would oay for it? the people who buy it at an auction or the finance company or the person who owned the car. someone has to pay for it. in California when a car is repoed or sold the title is transfered to the person who bought it (i.e. the finance company, cause they repoed it) and in turn, they are responsible for all fees associated with the car, so who pays for it? don't fell like the question was answered properly or accurately enought with just a no.
How do you get your car back legally from the people who bought it?
It depends on what you mean. Do you mean from someone (a third party) who purchased your car from the finance company after the finance company repossessed it from you? If so, there's not really too much you can do other than find the person and make them and offer.
If a dealership assigns a car to a finance company and the finance company says you don't owe them can the dealer repossess?
If the finance company has been paid in full, then why would the dealership (or the finance company) want to repossess your car? If the loan hasn't been repaid and is long overdue, then the dealer and finance company will probably decide who actually repossesses the car. Either way, it's up to them, not you. Best thing to do is check the fine print in your loan agreement (which you signed when you bought the car) and see what it says about overdue payments, repossession, etc. If you've lost it, call your dealer and ask for a copy.
What is a good sentence with auction in it?
Here are some sentences.We went to the auction and bought an old lamp.He bid on the shelf at the auction but didn't win it.
Can you return a car bought on a personal loan when you were told it was on finance?
Have the car voluntarily repossessed. Using this option means that you voluntarily return the car to the finance loan company if you are too far behind on your payments and can't recover. If you decide to return the car, the finance company may pick up the vehicle or it may require that you return the car to its location.
Can a credit card company suzuki reposses a motorcycle if the title has no liens?
If you bought the bike on credit and miss the payments, they can and will repossess the bike and sell it at auction. Just like a car.
How do you use auction in a sentence?
My dad bought a TV at the local auction for $100.
Who is the owner of Samsung Galaxy?
The one that bought it I suppose.
