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Car auctions SELL repos for lenders and also pick them up from debtors. Is there any reason for a bank to "TRY" to repo a car??

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โˆ™ 2004-12-29 17:44:11
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Q: Is there any reason that the bank that is trying to repossess your car would contact a car auction to come to your place of residence?
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What an Insurance Auto Auction Does for You?

If you want to save a great deal of money when you are buying a new car, an insurance auto auction is a great way to accomplish this. An insurance auto auction is an auction that sells vehicles which have been repossessed by an insurer for one reason or another. The costs of the vehicles are much lower at these auctions, because the insurers are simply trying to sell the cars as quickly as possible. For this reason, you can receive the car for fifty percent or less of its typical market value. This is an excellent way to reduce your costs.


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