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The sellers have the option of placing a protective price on the car. If the bidding doesn't reach that price, they are under no obligation to sell the car.
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What does it mean in a car auction reserve off?
No reserve means the seller will accept what ever the highest bid is. If an owner started the bidding with a reserve price (meaning minimum amount to sell at auction) and the owner, at some point during the bidding, asks to have the reserve removed (will then take highest bid) the term Reserve Off is used to say that now the car will go to the highest bidder.
Where is the best place to auction off a car?
There are actually many websites that help you auction off your car. Just search for car auction websites in your particular area. Whether or not the buyer should pay shipping is up to your discretion. USPS is not the best place to ship your car through.
Is car quest auto parts being auction off?
Yes. To a competitor or investment group.
Do you still have to pay car payment to the car dealership if your car was a write off?
It depends. Normally, if you car was repossessed, the finance company will "write off" the balance, but that does not mean you don't have to pay it. The company normally sells the car at an auction and you owe any deficiency balance. In other words, if you owe $10,000 on the car and it only sells for $6000, you will owe the $4000 difference.
What does you reserve your legal position mean?
Reserving your legal position means that you are stating that you have legal rights in a particular matter but that you are not immediately taking any action. It allows you to assert your rights at a later time if necessary without waiving them.
My car got repossess do i still have to pay for it?
when they take your car it go's to a auto auction not in your home town and if it does then you have the right to bid on it. anyway they auction it off and you could be libal for the balance after the auction price. If you knew you were going to lose it and gave it back or called and said come and get it more less you will not pay anything.
If the bank's insurance pays the car off as a bad debt and sells the car at auction will the insurance company come after you for the difference on the loan?
Yes, in many states they will.
What is an insurance recovery car?
Stolen car that claim was paid off by the insurance company. The car was later recovered. Because the claim was already paid the car is owned by the insurance company and they will typically sale these at auction.
If a car is reposessed and was sent to auction is it legal for the repo company to bill for storage fees for the period the vehicle was in their lot?
No they are just trying to get extra money off you , that's why a repo company tries to wait till the last second to send a car to the auction. so if there is some chance of you redeeming your car they want you to do it there so they can get storage fee's off you. I cover this topic and more at www.stoptheRepoman.com
What does it mean when a car horn goes off while the car is switched off?
When a car horn goes off while the car is switched off, it means the horn has a bad ground.
On Howrse it says to start off a equestrian center you start off with 25000 does it mean I have to pay 25000 or they give it to me?
They give you 25000e to start off with in your EC's money reserves. Your EC money reserve is run completely seperately from your normal breeder's reserve.
Is it true that car auctions sell cars that dealerships will not sell?
To a great extent new car dealers will typically not sell a car that they determine may need warranty repairs to the general public or a very old car that has a small profit margin. Their lot is only so big and they want to stock cars that they can sell and make the most profit on. So, they will typically sell older cars at auction. But this does not mean that all cars sold at auction are these type cars. There are many very good cars sold at auction. You will find repossessed cars being sold by major car finance companies. Also many used car dealers will sell slowing moving cars at auction to move them off their lot to make room for better sellers.
