There is a huge market for this because alot of people buy cars that they can not afford. Or they buy the car and due to certain curcumstances they are unable to pay for the car, but they continue to drive it without paying for it.
As much as the repossession company charges. These are private companies with the latitude to set their own fees.
=purple and black=
When you cosign for an automobile purchase you are typically liable for an automobile repossession in Michigan. The reason why is because you are responsible for car payments as a cosigner if the primary debtor cannot pay.
Some states have set maximum amounts for repossession fees. The state of Texas,. however has not set a maximum amount on the fee that can be charged for a car repossession.
An example of factor market is the automobile market. This is a market that exists as a result of demand for something that consumers use.
http://lrc.ky.gov/KRS/355-09/CHAPTER.HTM Article 9, Part 6
Identify the vehicles strong points and market to a targeted portion of a marketable group.
That would be an oligopoly.
50%
A hostile debtor's agreement is an agreement between two parties that allows for a repossession to take place. This could be the repossession of an automobile or it could also be a foreclosure. Either way, the parties involved have to go to court to solve issues.
peugotfordvauxhalltoyota
The Chevrolet Impala SS was first released into the automobile market in the 1962 model year (this means that the automobile itself was released in 1961). It was a popular car, and quickly became a symbol of the American automobile industry.