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Can you purchase a car that has been voluntarily repossessed by someone from the bank?
Wiki User
∙ 16y ago
Of course, at whatever the value of the proerty is...although they frequently have contracted with someone to handle selling all of the vehicles that they have to repossess, so they may refer you to them. And, frequently, the property has been sold very quickly (brought to auction) after they gain possession. Should have bought it from the guy before he lost it and saved all the costs/expenses, etc. of the bank having to handle it, that he now will have to pay.
Wiki User
∙ 16y ago
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How do you use the sentence he had?
He had seven cars, but the bank repossessed five of them. He had a cookie, but someone ate it.
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 do you do with a car that was voluntarily reposesed and the bank never picked it up?
The simple answer is, that if the bank never picked it up it is not repossessed. If you are not making your payments, and really want to give up the vehicle, what a lot of people do is take it back to the bank, and leave it in their parking lot. Be sure to give the bank manager the key and let them know what you are doing. If this is not possible continue to try to call them.
How can you buy a repossessed truck?
Go to bank or other place that repossessed the truck. Pay cash for it etc
What happens to your credit if you voluntarily have your?
what happens if i voluntarily return my car to the bank due to job loss
Does Bpi Savings Bank have repossessed cars for sale?
yes
What is worst that can happen if you cant pay your bank loan in Ireland?
Your home could be repossessed by the bank.
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.
Can they cancel your registration on your other car when you have a car voluntarily repossessed?
no, unless you owe the same bank money for both cars Tye only people who can cancel a registration on a vehicle is the registered owner or the Department of Motor Vehicles for violation of one or more of their rules and regulations.
What happens to your credit when you give a car back to the bank?
You are not giving it back to the bank, you are having your car voluntarily repossessed. It ruins your credit for 7 years. Which may sound like a bad thing, but in reality will keep you from buying more car than you can afford for the next 7 years, which is a good thing. Remember if you do this, you will still be responsible for the difference in what the bank sells the car for, and the balance on the loan.
How long does the bank have to come after you after your car has been repossessed?
Does the bank have your current address and/or phone number? They will be calling on you.
Can a house be resolved and the arrears paid after it is repossessed?
It is possible to work out a deal with the bank after it is repossessed. However, a new loan or legal agreement will have to be signed.
