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  2. What To Do If Your Car Is Repossessed - AOL

    www.aol.com/car-repossessed-120051609.html

    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 ...

  3. Car Repossession: What to Do Before, During and After - AOL

    www.aol.com/car-repossession-during-160042812.html

    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 ...

  4. Repossession - Wikipedia

    en.wikipedia.org/wiki/Repossession

    The most common forms of default resulting in repossession are failing to make required payments and failing to maintain adequate insurance coverage. Many U.S. states have enacted additional laws that apply specifically to the repossession of purchased and leased automobiles, and which are intended to afford additional consumer protections. [3]

  5. 6 Crucial Steps to Take If Your Car Is Repossessed - AOL

    www.aol.com/6-crucial-steps-car-repossessed...

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  6. Vehicle impoundment - Wikipedia

    en.wikipedia.org/wiki/Vehicle_impoundment

    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.

  7. Auto auction - Wikipedia

    en.wikipedia.org/wiki/Auto_auction

    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.

  8. Is That Used Car for Sale Really a Repo or Government Surplus?

    www.aol.com/news/2011-03-30-is-that-used-car-for...

    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.

  9. Can a debt collector repo your car?

    www.aol.com/finance/debt-collector-repo-car...

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