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Most will sell for around wholesale value. Know that a car that has been repossessed was owned by a person that could not afford the car and therefore they more than likely did not perform regular scheduled maintenance on that vehicle. I would not touch one unless it very low miles on the odometer.
Addendum:Prices will be specific to the individual sale of the vehicles offered, and are often driven by auction.Title loans are a very different sort of repossession sale. The price a title loan company can sell their recovered vehicles varies by state regulations. In many states the title loan company may not sell the vehicle for more than the value of the loan, and the value of the loan is often limited to $1,000 to $5,000, making it so that vehicles often sell for far less than they are actually worth. While it is true that repossessed vehicles are often previously owned by people who may not have been able to afford the cost of maintenance, it is important to consider every repossessed vehicle on its own merits, and title loans are a different sort of loan situation. Situations do vary. From personal observation, having worked in the repossession location industry, repossessed vehicles can range from showroom condition, to (literally) the former home of livestock. A wary purchaser can very often acquire an excellent vehicle for a very low price. Be certain of what you are buying though, and consider that what you are buying is in an "as is" condition.
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What is the cost of a title loan?
The cost of a title loan can vary based on what country or state the title loan is being written in. Be sure to verify pricing at a local level before purchasing.
What happens to title loan cars when they are repossessed?
They are sent to an auction and sold.
Does a car with salvage title qualify for CARS?
The salvage title has to do with obtaining a loan on the car. However, I would disclose it.
What is the average cost of a title loan in the US?
Total average closing cost fees in the US for a title loan are $3,024.00 dollars. This is based off of an average loan amount of $200,000. This fee includes average expenses incurred for the closing process.
What is the average cost of a title loan?
The cost of a title loan will be whatever the difference is that you need on your car. You will qualify for a specified amount depending on how good your credit is. Title loans can be as little as a few hundred dollars to as big as several hundred thousand dollars.
Where can one calculate the true cost of a loan?
There are many places which will allow you to calculate how much a loan will cost you. Most of the time, the loan provider will give you documentation with how much the actual loan will cost you considering the loan's interest rate and the monthly payments you have chosen.
what is the maximum amount of money i can request for a title loan ?
Usually a title loan is based on the current market price of the vehicle. Usually 25% of the price is what you can get a title loan for. Before you sign anything make sure you take the time and read all the small print and ask lots of questions. Some Title loan places will have you pay back 2 or 3 times what the original loan was for. Be careful.
Where can you get a loan against a car that is paid for and it has a clear title?
AnswerMany banks will loan money on newer model cars which are paid off and the owner is in possession of the title. How much depends on the year, make, model, miles and condition of the car. This is probably your best choice since the interest rates are very reasonable (if you have good credit). There are also title loan establishments that will loan money on car titles, although the interest rate is higher and the terms (the length of the loan) are often very short.American General Finance loans money on cars that are owned outright. Their interest rates are better than title loan establishments, but worse than a bank loan.
What is a title loan?
A title loan is also known as car title loan. It is a type of secured loan where you can use your vehicle title as collateral to get the funds you need. When you borrow with your car title, you allow the lender to place a lien on the title of your car, SUV, RV, truck, or motorcycle in exchange for a loan amount. This loan don't rely on your credit score.
Is there a fee to pay to remove ones name off of title and or loan on a home in florida.?
There is a fee to get someone off your title because you would have to get a new title. As for getting someone off a mortgage, you would need to refinance the loan without that other person on the loan and there are always cost associated with doing that.
Can I get my name off the title and loan of my ex-son in law's van if he still has a loan on the van?
The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.
What is the cost of title insurance in the state of Missouri?
It depends on the purchase price of the home, and if you are refinancing, the loan amount.
