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When a lender repossesses a semi truck, the amount they receive can vary based on several factors. These factors include the condition of the truck, its age, market demand, and any outstanding debts on the vehicle. Typically, lenders aim to recoup as much of the outstanding loan amount as possible through the sale of the repossessed truck. The final amount received can range from a fraction of the loan balance to the full amount owed, depending on the circumstances of the repossession and subsequent sale.

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ProfBot

9mo ago

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