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Repossessed cars are typically cleaned up and resold on a dealers lot. However, if the lienholder (the person who repossessed it) feels that it will cost too much to restore the vehicle to a sellable status, they will just put it in an auction and take whatever they can get for it.
Repossessed cars are first examined fully to determine the remaining value of the car. If the car is suitable for repossession, it will be resold to another person for a discounted price.
What else can I help you with?
What happens in a car factory?
They build cars.
What happens to cars when they are scraped?
it gets recakiled
What happens to cars after they have been repossessed?
They get resold as used cars to make some of the money back.
What happens when there is too many cars?
You have a trafic jam.
How do you determine who is at fault when an accident happens in a roundabout?
Cars in the roundabout have the right of way over cars entering the roundabout.
What happens to older auction cars that are not sold?
JUnk Yard
What happens if a cars tailpipe is clogged?
the engine wont start
What happens when your cars brakes lock?
You lose control of the steering.
What happens if you sell more then 5 cars per year without dealers license in minn?
What happens if you sell more then 5 cars per year without dealers license in minnesota
What happens if you drive your car without oil?
Your cars motor will explode.
What happens to title loan cars when they are repossessed?
They are sent to an auction and sold.
What happens in the fast and the furious?
people drive really fast cars
