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Yes, if you own the car being auctioned, you get the proceeds of the sale, minus the auctioneer's commssion.
No, if your car was repossessed and auctioned by the lender, it would be rare that the proceeds, minus the auctioneer's commission would exceed the amount you owed on the loan. However, if it did, you would get the remainder. On the other hand, if the auction doesn't cover your loan, then you could still be sued for the remaining payments.
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How can you find out where your repoed vehicle will be auctioned off in the State of Ohio?
Contact the lender they will tell you where and when your vehicle is being auctioned.
How can one claim a deduction for a car donated to charity?
A person can claim a deduction for a car donated to charity depending on whether the car was auctioned off or given to a needy person. If the car was auctioned, the deduction can only be the amount the car was auctioned for. If the car was given to a needy person for no cost, you can claim a deduction for the fair market value of the car.
What happens to my paid off car in a bankruptcy?
Owned assets are auctioned off to repay all creditors.
What types of items are auctioned off on the site for Goodwill?
All types of items are auctioned off on the site for Goodwill. The items for the auctions come from the donations that are made by the public. Anything that you have ever given to Goodwill would possibly be a candidate for being auctioned on their site.
What are auctioned cars?
Car auctions are events at which cars are sold using the auction method, with buyers offering bids and cars being sold to the highest bidder. Some auctions are open to the public, allowing anyone to attend, while others may be closed. Car auctions can be a great way to acquire a car at low cost.
How big is Harrah's car collection?
not big at all....it was dimanteled a few years back and auctioned off
What do they do with them after they corral the wild horses?
The horses are either relocated, auctioned or sold off, or broken in and then auctioned or sold off.
In Wisconsin how do you get a reposed car back?
If the car has been auctioned off after you got notice of the auction and how much you needed to pay to get it back, you can't get it back. If you are lucky, you may be able to get some of your personal property from the car back. If it has not been auctioned, you can pay the amount owed or file bankruptcy.
If you allow a car you cosigned for to be repossessed then pay off the balance after it is auctioned will it still affect your credit?
IF you can pay it off AFTER it is sold, it will still show as a repo on your credit. BUT if you can payoff then, pay it off NOW and you get to keep the CAR.
First item auctioned off on eBay?
The first item auctioned off on eBay was a broken laser pointer which sold for $14.83. Source: Wikipedia
How and why did Sarah palin get the 150000.00 clothing?
They don't belong to her, they were bought with donated money specifally for this and will be auctioned off for charity after the election. It's amazing that this is a topic.
Is Justin bieber's hair coming around the country in a glass jar?
No, his hair is being auctioned off for charity and if you don't believe me type in Justin Bieber getting a haircut and click on the one that has the major deal below the title of the You Tube video. It says his hair is being auctioned off for charity at the very end of the video FYI.
