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Auto Loans and Financing
Repossession
United Kingdom

What do recovery companies charge to repossess a vehicle?


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Wiki User
2011-09-14 01:53:24
2011-09-14 01:53:24

typically it is depending on how much the bank or lien holder is willing to pay...usually though....$200.00...to whatever amount they are willing to pay for premium vehicles and trucks

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The state doesn't repossess your car - private companies do that on behalf of the lienholder. They don't charge you for private property left in your car when they repossess it - that would be illegal. They charge a "storage fee" for the items they remove from your car. Underhanded, yes, but they can legally do it.

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Yes. A charge off does not mean that the debt is not still valid and subject to collection by any means available to the lender.

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They sell the vehicle for what they can, then charge the remainder to you. They usually sell that debt to a collection agency, and the agency starts calling you for that money.

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Disadvantage of data recovery : Some data recovery companies charge very high to recover your data if the level of corruption is so high and even sometimes data not recovered by data recovery software which is one of the main disadvantage of data recovery.

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If the lein holder didn't authorize a repossession can the person of ownership take charge and collect the vehicle, even if it's paid on time but both parties on reistration are no longer in agreement?


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