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Repossession

Seizure of property bought on credit for which loan payments are not being received. Please note that when asking a car repossession question, it is often useful to include the state that you live in. This will enable people to give you better answers.

11,694 Questions

A car dealer sells a SUV for 39000 which represents a 25 profit over the cost What was the cost of the SUV to the dealer?

A 25% profit over the cost is the same as 5/4 (since 100% contains 4/4 or four quarters). So, divide 39,000 by 5(fourths) and then multiply by 4(fourths) to get the cost 31,200.

Can you return your car if the loan is not finalized?

You can try. Most contracts have a clause in them that requires you to accept a loan at a higher rate of interest if it cannot be finalized at the rate stated. Check your small print.

Can a bank repossess your car for being 2 weeks late with a payment?

Read your contract. It likely says the lender can repo anytime you are in DEFAULT. Two weeks late is unusual, but they could repo when you are 1 day late.

How do you find out how much your repossessed car was sold for?

You might want to consult a local attorney. The lender must have added on some fees, such as repo fees, attorney fees for judgement, collection,garnishemtn, maybe some repair charges to get the car running. Auction fees usually run 6-12% OF VALUE.

How do you find out what is squeaking in a car?

Take the car to a mechanic or a mechanically inclined friend to take it for a test drive.

What do you do if your car is damaged by the repo agent?

Once the bank has declared the loan to be in default and has initiated the repossession process, the vehicle becomes theirs to dispose of as they see fit. The agency towing the vehicle becomes the agent of the bank, taking possession of the property of the bank. After the repossession, if you and the bank work out terms for you to regain possession of the vehicle, you do so from the bank and the vehicle is returned to you without warranty or additional obligation other than the terms of the loan. Damage which occurred while in possession of the bank may be repaired at the disgression of the bank, but they probably won't cause trouble for the towing agency, since they want to maintain a working relationship with them. The bank will probably just tell you to keep your note current next time.

Lender doesnt have title to car recently financed. Dealer closed did not do DMV paperwork never sent title to finance company Lender tells me I will never get clear title but must pay loan true?

If you have the bill of sale the DMV should be able to point you in the right direction. Talk to the lender about your options, too! Maybe they'll take the car back. If you have no paperwork, youre out of luck!!!

Can you sell a car with a chipped windshield?

yes....you can sell one with out the windshield if you wanted.....The question should be would some one buy a car with a chipped windshield!

What is the cheapest car ever?

Oscar Meyer weiner car thingy. it sold for 2 cents. it looks like hell!

Can you sell your car to a dealership?

Yes, but you will not get much for it. You are better off selling it to Private Buyer, unless you are willing trade the car in for another, then selling to a dealer would probably be best.

How can you sell cars to corparate customers?

Most corporations have a purchasing agent.That persons job is to buy stuff for the corporation.most everything they buy will have a set of specifications that what they are buying have to meet.then they see who has the lowest bid for what they want to buy that meets the specifications.then they buy from them.you will have to contact the purchasing agent at the corporations you want to sell cars to.They are not going to find you.If you get one interested in what you have to say take him to a expensive lunch and you pay for everything.You are lucky if you get that far.My father used to take potential customers to the factory he represented in the company lear jet.He could pick them up in the morning anywhere in the us bring them for a tour of the factory,and have them home for dinner.I am assuming you just wanna be a middle man.And sell big quantities of cars.So start contacting the corporations you want as customers and start buyin lunches,or whatever it takes.The purchasing agent makes the decision in the end.If he likes you he even give you a heads up if he got a lower bid.

What can you sell at a car lot besides cars?

You can sell the parts, tools, chassis, etc. related to cars especially the engine oils.

Why are monthly payments usually higher when you buy a vehicle than when you lease a vehicle?

because when you buy it, it's yours. when you lease it, you give it back to the leasee. In the latter case you are just paying for the opportunity to use the vehicle.

How do you buy repossessed tractor trailers?

Repossessed tractor trailers can be purchased from some tractor trailer dealers. If the rig was previously financed by a bank, the bank repossessing it will try to sell the tractor trailer to a dealer before selling it to the public.

What months have the highest car sales?

Typically vehicle sales will rapidly increase with the onset of summer this can be attributed to college grads looking for more independence in a fast track world. Disposable income is a key factor in driving the economy from a retail perspective and every large clothing and electronics suppliers know this is the time to offer the best deals, the big car companies scramble to offer up attractive incentives to this naive generation of buyers although current tree's can point to a very intellectual and consumer savvy young buying crowd as it is after all we as parents have most likely suffered the most severe economical blows to the housing market and consumer world not to mention the dismantling of unions and diminishing pensions.

Why were clutches no longer need on cars?

They are still needed and used. Automatic transmissions are more complex and require more maintenance, but are much easier to drive. Automatics still have clutches, but they are internal to the transmission and are operated by hydraulic valves controlled by engine RPM, throttle position, and gear shift lever position

Can a repo man or lienholder report a car as stolen if he can't locate it in Nevada?

Stolen?? NO. Report you for hiding the collateral??? Maybe. Cars havent fell off the face of the earth since CC found out it is ROUND. Someone knows where that car is.

Can you return a new vehicle if you have not made a payment and feel that the dealer has represent itself falsely?

NO. Once you sign that contract that car is yours. This is the reason why when you go to a dealership, look at the car, inspect the car in and out, test drive the car, see how it feels, how it handles, etc. Before you sign your name on the contract, MAKE SURE IT IS WHAT YOU WANT BECAUSE YOU WILL NOT BE ABLE TO RETURN IT LATER. Besides, feeling and proving are two different things. Also, this is what contracts are for. It discloses EVERYTHING in writing. This is why you should completely look over a contract and completely look over a car before buying it.

How many payments do you have to be behind for the bank to repo your car?

It depends on which state you are in. In Kansas and a few others that I have some familiarity with, you have to have been 45 days late at some time. If you cured the default at that time and miss a later payment, even by a day, they CAN repo (probably none will, but they can). Your car can also be repo'd when your payments are current if you violate any other provisions of the security agreement, like letting the insurance lapse, using the vehicle for hire, or other things that put the lender at risk.

Where can you buy a German Bubble Car?

www.easycarsource.com provide a service where they will find exactly what car you are looking for from anywhere in the World.

Maybe you should give them a try.


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