0
Each auction puts out a list of cars they sold and the price they sold for.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Once your car has been repossessed and sold in Ohio how can you find out how much it was sold for?
Usually you will get a sale letter from the finance company or bank letting you know where the car will be sold, at what auction, and once it is over they will send you a letter of how much the car sold for and the remainder they will send you a bill for. This is concerning a public auction of your vehicle. If it was sold privately by the dealership or whomever, the only thing to do is call and ask.
Does the vehicle have to be resold in a public auction?
No. In fact most are sold at dealer only auctions.
How can you find out what the vehicle was sold for you were told that if they sold the vehicle for more than what you owe they have to report that to the credit bureau as paid in full?
how can you find the vehicle that the owner sold?
Does a repoed car have to be sold at auction?
No. Who ever holds the note gets to decide how the vehicle is resold.
How do you get a repossed vehicle back?
If your car is repossessed and you want to get it back, you can contact the finance company and clear any outstanding payments. They may agree to return your vehicle to you if they have not already sold it but be warned that lenders try and sell repossessed vehicles as quickly as possible to try and recoup funds. The finance companies often sell the repossessed vehicles at a car auction. Here they can be sold "as seen" and at a lower price than market value, thus they can be sold quickly. It is often possible to find out which auction your car is being sold at and you can get your repossessed vehicle back yourself by attending the car auction and bidding.
Are you required to pay for the car after the car has been reposessed?
You will be required to pay for the remaining loan amount after the vehicle is sold at auction and the expenses are recovered from the auction. In other words, you will probably have to file bankrupcy if you owe very much.
In Georgia can a repossession vehicle be sold at any price regardless of book value?
Yes. Whatever it gets at auction.
In Indiana if a car is reposessed and you only owe a few payments and the vehicle is sold at an auction do you get any of that money back?
lol no
If your car is reposessed do you have the right to bid for it at auction?
If your vehicle is being sold at a "Public" auction where anyone can go in and bid - then yes you can bid and/or buy your vehicle. Keep in mind that - if for instance - you owe $5000.00 and you buy your car back at auction for $3000.00 - you will still owe the lender the $2000.00 difference. In other words - you are not going to be able to get by on purchasing your vehicle at auction for less than what you owe and then not have to pay the rest to the lender.
How much do car dealers pay at car auctions?
There is no set amount, if someone told you that dealers can get 2005 Cadillacs at the auction for $500 they lied. The same vehicle that was sold last week at the auction that sold for $5500 this week it sold for $7500, it just depends on what dealers want what at that time. Most used car dealers mark there vehicles up from$1000- $4000 dollars.
How can you find out how much your car was sold for after a repossession?
I believe that once the car is sold at an auction or other means, you are suppose to be provided with paperwork showing you the amount it sold for and any remaining balance. If there is a remaing balance, you will probably be ask to pay it.
Your vehicle was repossessed and sold at the auction after the fees you still owe 292 how will this reflect on your credit IF you pay it off?
It will show as paid or satisfied.
