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Banks often keep repossessed vehicles in their parking garages. or in an appropriate storage area a reasonable distance from the bank. Walk into the bank and ask for the person in-charge of repossessed vehicles. Once onto the right department, state that you wish to purchase a particular repossessed vehicle when the title has cleared with the bank...and don't be intimidated into thinking you can't bargain, you can. Good luck.

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βˆ™ 2007-11-01 05:49:54
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Q: How can you buy a repossessed vehicle directly from the bank?
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Related questions

How can you find out where your repossed vehicle is being auctioned at Too try an buy it back?

Bank or loan company who repossessed it.


How can you buy a repossessed truck?

Go to bank or other place that repossessed the truck. Pay cash for it etc


Can you make a profit on a repossessed car?

Yes you can make profit on the car if you buy it from 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.


If you buy a motorcycle that has a lien on it from the Royal Bank of Canada through the previous owner can the bike be repossessed from you?

yes,


How do you buy repossessed tractor trailers?

Repossessed tractor trailers can be purchased from some tractor trailer dealers. If the rig was previously financed by a bank, the bank repossessing it will try to sell the tractor trailer to a dealer before selling it to the public.


After you buy a repossessed car does it stay marked as repossessed as long as it is driven even though it is paid off?

The car isn't damaged, the debtor's credit rating is. There is no permanent record of the car as a repossessed vehicle like there is for a salvaged title.


You want to buy reposessed land from the bank?

It is possible to buy repossessed land from the bank. Most banks hold monthly auctions where they sell repossessed land, houses, cars, etc. The prices of these items are usually considerably lower than retail cost, so it is a good investment.


Can the colction take your semi truck if i buy one?

If you don't make your payments, they can be repossessed, the same as any other vehicle.


On average what is the quality of most repossessed vehicles?

The owner of a vehicle that has been repossessed, cannot afford to make their payments, so it makes sense that they cannot afford to perform the required scheduled maintenance on the vehicle. This is not always the case but IMO, I would never buy a repossessed vehicle, unless it had extremely low mileage of say less than 20,000 miles.


Your son is disabled and you live in Missouri you only have truck to get him to the doctors can the vehicle be repossessed?

Yes! if there is a security interest on the loan (the vehicle). when you buy or lease a vehicle, you sign your right away to the vehicle in the event that you default on the loan..it does not matter what kind of vehicle it is.


Do you have to pay the difference on a repossession car loan?

Not sure of your question. Do you mean do you still owe after the car is repossessed? Or do you mean do you have to pay off a loan to buy a repossessed vehicle? It depends on the state you are in, contact the lender.

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