Something else to think about- If they couldn't afford to make the payment and the car was repo'd, it is highly unlikely that they spent the money for proper maintenance.
The risk simply isn't worth the savings.
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.
The best way to save money on a luxury vehicle is to buy it used. This will allow you to save money on the car buy not having to pay the new price for it.
Of course you can. You can save a lot of money buy purchasing a pre-owned luxury cars rather than a purchasing a luxury car brand new.
Buy purchasing a used car you can save a lot of money. For one, buying a used car is a good idea, because you will save money on insurance.The cost of insurance varies a lot depending on the make, year and model of the car, driver's experience and many other factors.But, I definitely recommend comparing insurance quotes before purchasing your used vehicle.
not if you still owe money on it
You do not owe money for a car if it has been repossessed, so your wages can't be garnished for that reason.
Purchasing a vehicle at a car auction can save you time and money because you get the car cheaper and you don't have to spend hours at dealer lots. On the other hand car auctions frequently offer cars as is, with no test drive or inspection beforehand, so if you end up with a dud, it could cost you a lot more in both time and money!
The benefits of purchasing an electric car is that it requires no fuel, it is environmentally friendly, it requires no oil and will save you money on gas.
If you have had a car repossessed, you have not kept up with the payments. You probably still owe money on the repossessed car. In these circumstances, the fact is that you can not afford to purchase another car and would not be able to obtain the finance to do so.
If it is repossessed, you will owe the difference between the loan amount and what they sell the vehicle for.
Yes, it can be repossessed. If you owe money on a vehicle and do not have a clear title of the car - In reality, this car is not yours until the debt is paid. The car is collateral until your pay the loan off. If the car was repossessed, the personal contents like the car seat must be given back to you.
As long as you owe them money they can take it.
The one who BORROWED the money and/or the on who COSIGNED the loan.
No. They can repossess their collateral (the car which was repossessed), and they can send a collection agency to hound you for money, but they can't confiscate your property.
if i get my car repossessed, can they put a llien on the house?
Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.
The lienholder has an option to repossess when you become deficient on your payments for as long as you owe money on that vehicle. If you skip your last payment, that car can be repossessed.
NOPE, they are part of the car.
In most cases, YES
No, a car can not be repossessed due to having no registration. A car can be repossessed for non payment. The police can have a car towed to an impound lot if there is no registration.
No, but your car can be repossessed if you don't make the payments.
One way to save money on gasoline is by purchasing an electric car. Electric cars are awesome for the lack of maintenance they require. These cars also do not require a large investment of funds. By purchasing an electric car, you will be able to keep your sanity as gas prices continue to rise. Be sure to buy an electric car for the incredible financial benefits it can offer you.