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http://lis.njleg.state.nj.us/cgi-bin/om_isapi.dll?clientID=6507825&Depth=2&depth=2&expandheadings=on&headingswithhits=on&hitsperheading=on&infobase=statutes.nfo&record={3E10}&softpage=Doc_Frame_PG42 The lender should be able to give you this info. It will likely be at a wholesale car auction for dealers only. You need to read the CONTRACT you signed. You will likely be responsible for the balance due on the loan.

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โˆ™ 2005-03-03 13:33:41
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Q: When a car is repossessed and sold at auction in NJ how will this auction be handled and can you find this info anywhere?
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Related questions

How do find repossessed auction in your area?

The Classifieds, or google.


Where can you find out the most auction for cars online?

You can find thousands of government owned/repossessed cars by going to the government auction site. The prices start very low and there are thousands to choose from.


How can you find out where a bank will sell your repossessed vehicle?

It will most likely go to a wholesale auction where only licensed dealers are allowed to bid.


Where can you buy repossessed automobiles in the US?

You can buy repossessed automobiles in the U.S. through many county auto auctions or police auto auctions. Check with your local courthouse or police department to find the next auction.


What is the catch in buying repossessed cars?

The biggest turn-off when buying Repossessed Car:As you already know, Repossessed Car Auction is a great way to buy your new car or other types of vehicle (boat repo auction, RV repo auction, ...); however, it seems almost too good to be true, because the price is very low. The catch lies in the fact that Repossessed Cars were taken from their previous owners by the government, so they are basically used cars. Therefore, you must take all the steps necessary to find out about the history or the damages of the repossessed car yourself.Why you should still go for Repossessed Car:The easiest answer is: because it is very cheap. Normally, you can find one at as low as $200. Furthermore, even though repossessed cars have been used, they were taken away because their owners couldn't pay the bills, not because they were damaged or got into accidents. Thus, most of the times you will find very good repossessed cars that are perfectly normal and usable. Still, remember to check its history and VIN number! Also, remember to visit websites like www.vehicleshq.com to prepare your knowledge before going to a real repossessed car auction.


How might one purchase a bank repossessed car?

Buying a repossessed car today can be a great way to save money, but be careful to inspect the car to be sure there are no hidden problems since they are typically sold "as is". Some dealers specialize in repossessed cars and you can also find them at a local auction.


How do you get a repossed vehicle back?

If your car is repossessed and you want to get it back, you can contact the finance company and clear any outstanding payments. They may agree to return your vehicle to you if they have not already sold it but be warned that lenders try and sell repossessed vehicles as quickly as possible to try and recoup funds. The finance companies often sell the repossessed vehicles at a car auction. Here they can be sold "as seen" and at a lower price than market value, thus they can be sold quickly. It is often possible to find out which auction your car is being sold at and you can get your repossessed vehicle back yourself by attending the car auction and bidding.


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/


Where can one purchase cheap storage units?

One can purchase cheap storage unit from the following online stores; LoopNet, Auction zip find auction anywhere, Selfstorages, Findstorage fast, and BizQuest.


Where is the best place to buy a used ford mustang?

I would think that an auction for cars that have been repossessed is a great place to find a cheap car. I would also look on Craigslist and Ebay too.


Where can one find information on repossessed car auctions?

You can find information on repossessed car auctions on websites such as Absa (under repossessed cars), AutoBidMaster and RepoDirect. Depending on where you live there can also be local sources of information.


What happens in Texas if you voluntarily have your car repossessed and money is still owed after the car has been sold at an auction?

Chris, I dont know the answer to the question YET. I will find out today. Email me latyer on and Ill have it for you. What does the lender "say" they will do???

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