Why do car dealerships offer voluntary repos if you still have to pay?
The "voluntary repossession" allows the purchaser who has defaulted the loan to avoid having to pay a repossession fee of a few to several hundred dollars. That is the ONLY advantage to the purchaser.
The dealership has the vehicle back in it's possession and can unload it at an auction without having to pay a repossession fee to a repossession agent (because the purchaser "voluntarily" surrendered the vehicle).
Once a car is repossessed, voluntary or not, it is (at least in most states) sent to an auction to be sold and the proceeds applied to the outstanding debt of the borrower.
Usually, there are specialized auction houses dealing solely, or nearly solely with repossessed vehicles and the vehicles NEVER (that I'm aware of) bring anywhere close to the amount of the loan.
This is true because first, it is (1) a dealer only wholesale auction, (2) the vehicle is a "repo" and (3) the "retail" price previously paid by the purchaser/borrower is an amount greatly inflated over and above the actual "wholesale value" of the vehicle.
Well, I am sure there are even more available in the yellowpages, from a quick glance, I am able to find at least several domestic dealerships in Aurora Colorado, they are as follows: Foreign & Domestic Auto Parts and Stadium Auto Parts: Domestic Parts. They are both unclear as to what portion of the dealerships are dedicated to simply newer cars, but still, they do seem to advertise as having to do with it to…
yes, he got drunk and murdered his family Not exactly. Hercules was driven to madness and murder through no fault of his own, but he still performed the Twelve Labors as atonement for the killing of his family. Atonement is by definition a voluntary punishment. If it is not voluntary, it is not atonement.
If you cosigned on a loan and voluntary have it returned can the company still come after you if the primary signer is making payments?
What happens to a cosigner of a car loan when the primary loan holder files bankruptcy and the loan is discharged and they do a voluntary repossession?
From a glance, there are a great many different dealerships that do offer very good rebates or other perks, some of the better of which I have found thus far for the Dallas area are as follows: Randall Reed's Prestige which does have a website that is > http://prestigegarland.com/ < Still, I would certainly recommend that you should shop around a bit first to get the best possible options available.