0
If a car that is to be repossessed in Missouri has a mechanics lien on it what can happen to the person who was supposed to be buying the car?
Wiki User
∙ 18y ago
You don't have clear title to it so don't buy it till this mess is cleared up otherwise your money will be lost.
Wiki User
∙ 18y ago
Add your answer:
Earn +20 pts
What research should one do before buying repossessed cars?
Before buying repossessed cars, you should first research the frequency of repair and maintenance costs on the models in auto-related consumer magazines. You can also ask for the car's maintenance records from the owner, dealer or repair shop.
What is open title?
no, buying vehicle from someone who got the vehicle through a mechanics lien
Where can you buy repossessed homes in UK?
The best place to buy repossessed homes is at property auctions. Properties can be picked up much below market price but its important to know what you are doing. There are many sites available containing information on property repossession or buying repossessed homes.
How might one purchase a bank repossessed car?
Buying a repossessed car today can be a great way to save money, but be careful to inspect the car to be sure there are no hidden problems since they are typically sold "as is". Some dealers specialize in repossessed cars and you can also find them at a local auction.
In finance what are the mechanics and procedures of a buyout?
There are many mechanics and procedures when buying out in finance. These buyouts are when a company purchases another company's assets and they uses those assets against them.
Does buying a repossessed vehicle raise your car insurance?
In this state buying a repossessed vehicle is no different from buying any other vehicle as far as insurance is concerned. The insurance agent checks over the car, takes pictures, checks the odometer, and quotes the rate just like any other used car. Of course if you have one car and you purchase a second car, your insurance goes up.
Who do you pay sales tax to when buying a car in Missouri when you live in Illinois?
Illinois
What are the mobile home repossession laws in Nevada?
In the state of Nevada, if you do not make payments on a car you are buying, it can be repossessed with no notice given to you. Once repossessed, you will still be liable for all further payments even if the car is sold at auction to another buyer.
Can you return a car after buying it in Missouri?
No you cannot. The Buyer's Remorse law does not apply to the purchase of a vehicle.
How do you get ripped off?
Probably by buying something for a high price that wasn't supposed to be sold for a high price, and/or buying a piece of junk for a high price.
What is the catch in buying repossessed cars?
The biggest turn-off when buying Repossessed Car:As you already know, Repossessed Car Auction is a great way to buy your new car or other types of vehicle (boat repo auction, RV repo auction, ...); however, it seems almost too good to be true, because the price is very low. The catch lies in the fact that Repossessed Cars were taken from their previous owners by the government, so they are basically used cars. Therefore, you must take all the steps necessary to find out about the history or the damages of the repossessed car yourself.Why you should still go for Repossessed Car:The easiest answer is: because it is very cheap. Normally, you can find one at as low as $200. Furthermore, even though repossessed cars have been used, they were taken away because their owners couldn't pay the bills, not because they were damaged or got into accidents. Thus, most of the times you will find very good repossessed cars that are perfectly normal and usable. Still, remember to check its history and VIN number! Also, remember to visit websites like www.vehicleshq.com to prepare your knowledge before going to a real repossessed car auction.
How can one buy cheap on the UK housing market?
There are a few options for buying cheap housing in the UK. One of the easiest ways to buy cheap property is to buy houses that the bank has repossessed.
