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What are car repossession laws in Missouri regarding notification to auction a vehicle?
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∙ 14y ago
what are the legalities of voluntary vehicle repossession
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∙ 14y ago
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What happens to the car after repossession?
The bank sells your car at an auction lot for about half the price you paid for it.
How will you know what you still owe the creditor after a repossession?
The amount you will owe the creditor will be the amount of your auto loan (including repossession fees, interest, and collection charges) minus the amount the vehicle sold for at auction. The creditor will notify you of the amount due in writing after they auction off the vehicle.
How do you buy finance repossessed cars in Australia?
Go to a repossession auction. They are often advertised in the newspapers and on radio.
I have farm equipment for sale in Dixon, is there a good auctioneer in Missouri I can call to help?
The Missouri auction guide is thr largest auctioneer in Missouri.
In Georgia can a repossession vehicle be sold at any price regardless of book value?
Yes. Whatever it gets at auction.
Where can one find a Car Repossession Action?
Most major cities will have a car repossession auction. However, most of these will only occur a few times a year. Sometimes it will be advertised on television, or it will be in a newspaper posting.
Is the lender required by law to notify you of the date and place of a private sale or auction?
legis.state.ga go here and search on repossession
How long does it take for your car to be auctioned after repossession?
depends you should receive a notice in the mail from the lender as to the auction date and place.
Do they garnish your check after a reposession?
They will only if the remaining balance after the repossession and auction goes to litigation and the judge orders the garnishment of wages.
If you owe more than the car is worth what happens if it gets repossessed?
The car goes to auction, then you owe the remaining balance of you loan + repossession and storage fees minus what the car was sold for at auction.
When do public auto auctions occur in Missouri?
Most Missouri auto auctions are open to the public, and occur throughout the week depending on the auction house. Specific days and hours are available by contacting the auction companies
How much will a finance company sell a HD motorcyle for after repossession and where will they sell it?
It will be sold at auction at a lower price than the dealer will sell it for.
