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If you owe $12,000 on the loan, for example, and the lender sells your repossessed car for $8,000, the $4,000 difference — as well as any associated fees and costs — are called the deficiency ...
Various objects can be repossessed, including boats and aircraft, but most repossession agencies focus on car repossession. The repo agent normally uses a tow truck or pickup truck with a special towing attachment called a boom. They also may obtain the key from the car owner. Usually, the vehicle owner must be notified of a repossession.
Repossessed: vehicles can be voluntarily or involuntarily repossessed by financial institutions for several reasons, including late payments, undisclosed past credit issues, or failure to maintain full coverage insurance. Auto auctions are the most common method of disposing of repossessed vehicles.
The Alberta Boilers Safety Authority, also known as ABSA, is a pressure equipment safety authority authorized by the government of the Canadian province of Alberta to administer and deliver safety programs related to boilers, pressure vessels, and pressure piping systems. ABSA is also responsible for the certification of pressure welders ...
Ads proclaiming "Government Vehicle Disposal" and "The Repo Joe Sale" are designed to steer buyers to special used car sales events under the pretense they're getting a special deal. But the ...
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Oshawa Assembly (also known simply as GM Oshawa) is an automobile assembly plant in Oshawa, Ontario, Canada, owned and operated by General Motors Canada. Vehicles were primarily produced for the US, Canadian, and Mexican markets, as well as exports for various countries around the world, particularly South America and the Middle East.
Car, motorcycle and trailer plates use blue letters on a white background. Commercial vehicle, bus and farm plates use black on white; diplomat plates are white on red; dealer plates are red on white; service plates are black on yellow; and green plates are for electric vehicles and have a 3-number, 3-letter format, coded as follows: CDx = Diplomat