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Repossession
Math and Arithmetic

How do you find out what price your repossessed car was sold for?

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Wiki User
2015-07-15 19:12:30
2015-07-15 19:12:30

ASK the lender.

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It would go to a car auction and sold on to a new owner and may be sold for a price much less than it is worth

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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.

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The lender should let you know, you can contact them and they should tell you.

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The LENDER keeps such records and will share them with you ultimately.


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