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If you bought a car for 12 thousand dollars and still owe 5 thousand dollars would the auctioned value pay the balance?


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Wiki User
2011-09-12 21:46:55
2011-09-12 21:46:55

Tooo many variables in your questions to give a definite answer. Things like general condition of the car, market values,demand for that model at the auction, ect. Bottom line GUESS?? NO. What you pay 12K for retail might bring 4-6K the next day at auction. Consider how long you drove it,ect. Good Luck

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