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If you have a choice should your repossessed vehicle be sold at a private or public auction?
Wiki User
∙ 19y ago
Dealers pay low(wholesale) prices at a public auction, private might be better. A lot depends on the car and the markey for it in your area.
Wiki User
∙ 19y ago
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What are the 6 characteristics of the united states economy?
Limited government Freedom of Enterprise Freedom of choice Profit incentive Private property Competition
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Yes marble is a good choice
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If they have a choice of wet or dry they will choose wet and if it was light or dark they will choose dark.
What is an answer stem?
The answer stem is the question part of a multiple choice question. The answer choices are the other part of a multiple choice question.
What will happen after you voluntary surrender your vehicle?
The bank will contract out with a towing company/recovery company and will tow the vehicle to an auction yard. The vehicle will usually be sold at a private auto auction where there are auto dealers there that purchase repossessed vehicles. The person who pays the most, wins the vehicle. Within 30 days after the auction, you will receive a letter from the bank that will tell you how much the vehicle sold for and how much the deficiency balance remains. Then the collection activity begins. They will constantly call you and ask when they will get their money. Sometimes they will work out a monthly payment with you, and sometimes they won't. If you don' t have the several thousand dollars laying around, then usually you will have no other choice but to file bankruptcy. They could sue you and get a judgment against you. Then they could garnish your wages, take your checking account, put a lien on your house, etc.
If your car has been repossessed and you cannot pay what you owe should you let them sell it?
You have no choice.
What can you do if your car has been repossessed twice and they want you to pay the entire balance?
u have no choice now. What state?
Can you take your car to your choice of garage under a warranty?
You can take the vehicle to a dealership of your choice that sells that make vehicle, not just any garage.
Your car was repossessed. you have to make an offer of payment. if they do not accept the offer can they force bankruptcy?
They can't force you into bankruptcy, that is a choice you have to make based on your ability to pay your debtors. When a car is repossessed it is sold and you have to pay the difference between what you owe and the cars sale price.
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How do you obtain an auto dealers auction membership to buy cars?
You become a licensed car dealer in the state of your choice.
What is the best time to buy a used car?
The end of each month is a good time to buy a car because many of the lots want to get rid of their inventory. Also just before Christmas or the beginning of a new year. Just before Christmas is slow, and the beginning of the year the new models are coming out and they want to get rid of the older ones. Pick Fridays to set up a deal on a car you may be interested in. Fridays are usually good days for most because of the weekend coming up. Even though car salesmen work hard and on commission and most weekends they still go out for drinks and have a good time ... so pick that Friday if you can. I bought a great Ford Taurus from a car dealership (1 year old and 16,000 clicks on it.) I asked the salesman when he would be going to an auction and so I went that route. You can also buy a demo car with low mileage. The salesman goes to the auction and picks out a car you have requested. I got a great deal on it doing it this way. The car was like new and I still have it (10 years now) and it purrs like a kitten with few mechanical problems. Another good choice would be to get the vehicle at a repossessed car auction yourself and cut the middle man. Of course, you'd have to go to a public auction (there are also private repossessed auto auctions for dealers only). Even one more option would be to contact a bank yourself and ask for the list of repossessed cars they have on stock before they even resell them publicly at an auction. In both cases, any time time during an economic crisis like the one we're going through is a good time to purchase on a repossessed car, since there are plenty of them in the market. No specific time actually if it is a used car. You can always check out cars classifieds online to find the model of car that you desire. Whether you are looking to buy from used car dealers, private sellers or business owners, you can always use this online cars classifieds to compare used car values and cars pricing to get the best car deal and the best value for your money.
Where can one find free auction templates online?
There are many different places one might go to find a free auction template online. One such popular choice is the BTemplate website or Microsoft website.
What are the basic rights within a private enterprise system?
The four basic rights on the private enterprise system are:Private propertyCompetitionProfitsFreedom of choice
What are basic rights within a private enterprise system?
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