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Will you be notified where the auction of your repossessed vehicle takes place?


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2004-07-23 16:43:48
2004-07-23 16:43:48

likely NOT. TFC uses a wholesale auction and you wont get in. If you want to redeem your vehicle just pay it off.

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Going to an Auctioneer such as Pickles is a place where there are many used vehicles. Some have been repossessed and some have damage from vehicle accidents and such. You can either attend the auction and bid or vehicles can be purchased at reasonable prices prior to auction day.

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I think you have like 10 ir 15 days, they have to send you a notice stating when the car will be sent to auction and what date time and place the auction will be, you have until the day before the auction to pay the amount they are demanding. Keep in mind though the sooner you pay the more you save, because they have the right to move the vehicle to another location at any time, which might incur more charges.

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It is safe to buy a vehicle at an auction for cars so long as you know what you're buying. Please look at the car in and out before deciding to place a bid on it.

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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.

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Varies a bit from place to place, but ninety days is common. When the cost of storage exceeds the value of the vehicle, it is common for it to be sold, at auction.


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