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Auto auctions are the most common method of disposing of repossessed vehicles. Repossessed vehicles can feasibly sell for less because the financial institution disposing of them only seeks to offset its losses (also restricted by federal regulations). The condition of such cars may be compromised by lack of maintenance.
Repossession, colloquially repo, is a "self-help" type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings.
The lien may be satisfied by selling the vehicle through the lien sale process. To conduct a lien sale, the person/lienholder must have possession of the vehicle and may require lien sale authorization from the State's Department of Motor Vehicles, depending on the State and or value of the vehicle. Interested parties, including the registered ...
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.
In 1964, the Payhauler 180 entered service. The 45-ton (43t) truck became the first large, all-wheel-drive end-dump truck in the market. In 1973, the original rear-drive model trucks were discontinued, and the all-wheel-drive truck models were designated the Payhauler 330 and 350 for their 45-ton (43t) and 50-ton (45t) trucks respectively. [1] [2]
The WABCO 3200 was a rare example of a tri-axle haul truck configuration A medium sized haul truck, the 214-short-ton (194 t; 191-long-ton) Caterpillar 789 [1]. Most haul trucks have a two-axle design, but two well-known models from the 1970s, the 350T Terex Titan and 235T WABCO 3200/B, had three axles.
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