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How to you buy repo car from bank?

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2014-08-28 18:01:16
2014-08-28 18:01:16

Many banks will have a list of repossessed vehicles at their branch offices. They may also have a list of these vehicles on their website. Some banks auction off cars that are repossessed and they wind up at used car lots.

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Related Questions


The bank/lending company are the ones who repo your car the repo chimps are just their agents.Your bank should tell you.


IT DEPENDS IF IT IS BUY HERE PAY HERE OR A BANK REPO BANK REPOS YOU HAVE 15 DAYS TO PAY THE CAR OFF IN FULL AND 30-60 DAYS TO RETRIVE YOU BELONGINGS OUT OF THE CAR. BUY HERE PAY HERE LOT WILL GIVE YOU YOUR CAR BACK AS LONG AS YOU PAY THE REPO CHARGE AND YOUR BACK PAYMENTS



The repo man will not care if your car has insurance or not. If you haven't been paying for your car, the finance company or bank will take their car back.


Yes. They repo and sell it for next to nothing. They sue in court and get a jugement that they use to put a lien on your house. Next time buy a cheap car just to get you there and back.


NO. Have him arrested if he did that. _____ Sue the lender/bank do not waste your time with the Repo guys; they are agents of the bank so the bank is responsible for their conduct.


YES, as long as the car is collateral for a loan, they can repo it.



The repo-man doesn't have to give his name. He can only tell you which bank sent him & where you can pick up your car when bank okay's it


No, if you own the car outright and there is no lien against it, no one can repo the car under normal circumstances. The only reason I could think of would be if you owed the bank money and they sued you, and the court made you put the car up as collateral.


A car dealer can hold a repo as long as he is the lien holder on the title.


Slightly confusing question. If YOU are the leinholder, why is the bank trying to repo the car? Why does the bank not know the laws of repossession in MI? If you(the leinholder) are trying to repo the car, CALL your attorney. You will need her/him to perform this LEGALLY.MI and CANADA are NOT good places to LEARN the repo business for beginners. Good Luck.


Unfortunately, it doesn't seem as though you really won a car. The lien just means that the bank has interest in the vehicle until the note is paid. Yes, they can repo the car if the not isn't paid.



ANSWER: At the bank. Not being a smart@ss, I mean come on, think about what you are asking.


I think They can because the old owner did pay the bills and the bank wants the car back. Yes i think they can.


Well at this point if a repo agent is there to recover a vehicle or property, You no longer own your car or property the BANK does. If a repo agent gets proper authorities "police" and have paperwork stating the bank owns it the authorities can impel you to open your garage because now you are in possession of stolen property fully owned by the bank. but they also must give you a option to pay it up to date.


Thats pretty much what you need to do, If you have pictures of your car at the beach it'd help you out alot! You need to take care of everything with the bank, than go after the repo company


A dealership can never repo a car, the bank is the party which would because you owe the BANK (aka chase auto finance) because u financed through them.



yes you can. thats why the bank usually hires people to come out and take your car back.


Usually the bank has a list of repo companies they do biz with and they pick one to repo the car. Maybe the closest to the car, maybe the cheapest, whatever.


If the bank made a mistake they will return the vehicle to you, the repo company is under a hold harmless and work the accounts the banks give them.


Not making the entire payment is still a default on payment. You will be charged the late fee and you will need to make it right with the bank or they will start the process of repo.




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