Depending on who the lender is and how they dispose of repos, it will go to the repo cos. storage lot and then to the auction.
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Related Questions
Can a disabled person's vehicle be repossessed in Florida?
A disabled person's vehicle can be repossessed just as any other person's vehicle can be repossessed. You must make all payments on your vehicle if you want to keep it.
Can your vehicle be repossessed if you are awaiting to be paid by the federal government?
It depends on you locatily, but in general, yes, if you are behind on your payment, your vehicle can be repossessed.
What bad things go on your credit history if a vehicle is repossessed?
Slow pay, repo, and it gets worse from there.
Can you get your vehicle possession after your vehicle was repossessed?
by paying the bill or rebuy it at an aucton
Can a vehicle be repossessed if you allowed a military person to take over vehicle payments and he has not paid anything?
it doesn't matter if the pope takes over your vehicle payments. if he stops making them, your credit is damaged and the vehicle is repossessed.
What rights does a person have when personal items go missing from a repossessed vehicle?
First, you have the burden of proof it was in the vehicle. This is nearly impossible unless you have photos of it in there as they took it. Judges are not sympathetic to those repossessed as there are so many who claim valuables lost while in impound or when repossessed. You will likely not be paid anything. Sorry, but the way the cookie crumbles.
Do you have to pay the whole vehicle off if it is repossessed?
Once a car has been repossessed, you as the owner of the vehicle have the obligation to repay any amount still owed on the loan. Once a car is repossessed, it is often sold in a repossessed cars auction by the finance company. The amount which the car was sold for will be deducted from the total loan amount and then the difference will be owed by yourself. So yes you would have to pay the whole vehicle off if it was repossessed.
In Texas can a car be repossessed if it is blocked by another vehicle?
no!
What hours can a vehicle be repossessed in CT?
24/7
Can you trade in a vehicle that is about to be repossessed?
Technically (and leagally) yes.
Do you have a right to have a repossession letter before my vehicle is repossessed?
no
Can a vehicle be repossessed across state lines?
Yes it can.
Can your vehicle be repossessed for late payments?
Obvious answer, Yes.
Can a repossessed vehicle be moved to a different county?
Yes, it can.
If a car that is being repossessed is at a residence of someone else and a vehicle is behind the car to be repossessed can they move it lawfully?
No. Absolutely not. If they enter a vehicle they do not have an order of repossession on, they've committed a crime. They may enter the vehicle they are there to repossess, and only the vehicle they are there to repossess.
Is there somewhere to report someone who is hiding a vehicle from being repossessed?
Sometimes its easy and sometimes not. Dont go out of your way to do it. It will get found.
In pa when a vehicle is repossessed does the finance company have to tell you what their doing with the vehicle?
Usually, they do not have to tell you what they are about to do to your vehicle. But, the procedure is is that they will sell your vehicle in an auction.
How do i report a repossessed bike?
If it's repossessed, it's repossessed... there's nothing to report. As long as there's a lien on that vehicle, the lienholder is the rightful owner of it, and can reclaim their property.
Can your vehicle be repossessed after the loan and security agreement has expired but you still owe a considerable sum?
Loan and security will always be active against the vehicle. It never goes away until paid or repossessed. Yes, the collateral may be repossessed at any time.
Where can i find a sample letter of a 10 day repossession letter after repossessed?
need a 10 day letter after vehicle is repossessed
When can the lender resell a repossessed vehicle?
a lender can do as he/she pleases with the vehicle after 31 days...in the state of Alabama
What is a repair facility's reonsibility regarding vehicle repossession?
They have no liability for a vehicle repossessed lawfully from their property.
How long before your vehicle can legally be repossessed?
WE'RE ON OUR WAY!!!!!
Do the car dealer have to return rims that were added to the repossessed vehicle?
No
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.
