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They are impounded until further action is taken

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โˆ™ 2007-02-16 20:52:52
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Q: What happens to cars that have been repossessed but not auctioned off yet?
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What are auctioned cars?

They are cars that have been auctioned off


How can a person find and buy repossessed cars?

Repossessed cars are usually auctioned off in the county they were repoed in, you can also try this link to help find repossessed cars, http://ultracarfinder.com/


What happens to cars after they have been repossessed?

They get resold as used cars to make some of the money back.


What happens to title loan cars when they are repossessed?

They are sent to an auction and sold.


Where online can I go to find repossessed cars for sale?

Autobidmaster.com is a site where you can bid on those cars that have been repossessed. It offers a wide range of of models and locations of where the vehicles are being listed.


What happens to repossessed cars?

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.


How do you Buy Auctioned Cars and Save Money?

To buy auctioned car and save money you will have to go to the auctioneer and bid at a lower price.


Where can repossessed cars be bought?

Repossessed cars may be purchased from many car dealerships some specialize in repossessed vehicles and others may have the occasional defaulted payment. Another great place to find repossessed cars is with a financial institution, there are many people struggling, taking credit, the car is often the first thing repossessed when the loan is called in.


What are the laws of repossessed cars in Canada?

Cars repossessed laws in Canada a vary by provine.Whether your car will be repossessed depends on such factors as the province you live in and how for behind you are with your payments.Vehicle repossessed is negative impact on your credit rating. If you want more information email me at natalsiapatterson34@gmail.com


What do they do with repossessed cars ?

They check them out and resell them after that for a cheap price.


Why are cars and trucks usually repossessed?

nonpayment of loans, usually.


Does Bpi Savings Bank have repossessed cars for sale?

yes

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