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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 ...
The effects of the coronavirus pandemic have been especially burdensome on auto loans borrowers. Unlike student loans and mortgages, there are no government-backed relief programs to cover a ...
Sanchez, 836 S.W.2d 151, where a repossession agent towed away a car even after the loanee locked herself in it, the court decided that this was an unlawful breach of the peace and declared the repossession invalid. The debtor was also awarded $1,200,000 in damages from the bank involved.
The new car loan rate for September was 7.4% compared to the average rate of 6.9% at the beginning of 2023. The percentage of car owners that pay at least $1,000 a month jumped to 17.1% in the ...
Vehicle immobilization is a key part of the act of impounding.. Vehicle impoundment is the legal process of placing a vehicle into an impoundment lot or tow yard, [1] which is a holding place for cars until they are placed back in the control of the owner, recycled for their metal, stripped of their parts at a wrecking yard or auctioned off for the benefit of the impounding agency.
Doraville Assembly was a General Motors automobile factory in Doraville, Georgia, just northeast of Atlanta. The plant opened in 1947 and was under the management of GM's newly created Buick-Oldsmobile-Pontiac Assembly Division created in 1945. It was closed on 26 September 2008 as part of the company's cost-cutting measures. [1]
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The Savoy Automobile Museum, colloquially known as the Savoy, is an Automobile museum which opened in December of 2021 in Cartersville, Georgia, about 45 miles northwest of Atlanta. The museum takes its name from the rusted remains of a 1954 Plymouth Savoy, which was discovered half-buried on the museum site, during its initial construction phase.
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