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Lenders tend to have deals with auction companies. ALL repo'd cars go to auction, most of which are dealer only. You should be able to ask your bank where it went, then call that auction to see if it public or dealer only.

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โˆ™ 2015-07-17 17:34:07
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Q: What determines if a car will be sold at public auction or a private sale after it is repossessed?
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Related Questions

If you have a choice should your repossessed vehicle be sold at a private or public auction?

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.

Does a repossessed car have to be sold at a public auction?

NO. It can be sold any way the bank wants it to be sold

What is the purpose of auction notice?

To get enough people to attend the auction with the aim of increasing the chances of actually selling the auctioned items. Public auctions for foreclosed properties, repossessed vehicles, etc. are required by law to be announced to the public under the statutes pertaining to such in the state where the auction(s) are to be held.

I know that public sale means at auction. What is the definition of the term private sale versus public sale of real property in a will?


What are invitations to bid?

Invitations to bid are normally given out for a private auction. These events are not open to the public and only a select few are invited to attend and bid on the items up for auction.

Where do you find cheap vans?

If you mean the shoes, they are cheap when new. If you mean vehicle-a public auction or buy from a private party in the recycler.

Is cal state university Long Beach private or public?

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How soon can you get another car if you are getting ready to start a new job and really need transportation and your previous car was repossessed?

You can buy from a private seller or you can use public transportation.

Is Asda private or public business?

is nieghter private or public

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An Access Specifier or an Access Modifier is a keyword that determines the visibility of that entity under consideration. The different access modifiers in Java are:PublicPrivateProtectedDefaultPublic is the least restrictive access specifier whereas private is the most restrictive

Can my car be repossessed while its parked in my yard in Virginia?

Yes, repossessions can (and often do) occur on private property. There are limitations imposed on the recovery agents, and they know how to plan accordingly. IMO, better that car (which is actually the lien holder's, which is why it can be repossessed in the first place) be repossessed while you're at home than while you're out in public somewhere and left stranded.

What were the two ways slaves were sold?

They were sold at a public auction for the highest price and also in a private agreement between two parties to possibly keep families together.

What are private and public sectors?

private and public sectors deal with government.

How do you change public to private profile?

how do i change my public to private profile?

What are the examples of public and private key?

example for the private and public key

What is Public-Private Alliance Foundation's motto?

Public-Private Alliance Foundation's motto is 'Public-Private Partnerships For Sustainable Development'.

Difference between private and public sector?

private sectors are more private than public sectors

What date is used in cancellation of debt the last payment or when the vehicle was given back?

The debt is not cancelled simply because the vehicle was repossessed. The borrower is still responsible for the existing amount of the loan (if any) after the vehicle has been sold at public auction.

How does a private company differ from a public company?

A private company differs from a public company by how it does its research. A public company can dip into public capital markets as to where private companies cannot.

Where in California can I find a huge car sale or auction where I can get my next car really cheap?

Most major cities in California have large public auto auctions. Public auto auctions allow you to get a repossessed vehicle very cheaply, but is can be risky because you won't know exactly what you are getting until you purchase it.

The difference between private and public administration?

Public is open, private is closed.

Similarities of public and private administration?

What public administration can adopt from private administration

The importance of public private partnerships?

The importance of public and private partnership initiative

Are the schools in Brazil public or private?

public,less private schools in Brazil

What is the important difference between public and private administration?

Public is the opposite of private.