Ads
related to: bank repossessed cars for sale- 2023 Truck Buying Guide
Top Picks for Every Lifestyle
Research, Compare and Save Today
- Review Before You Buy
Read Over 5 Million Consumer
Reviews to Find the Perfect Car.
- Best of 2024 Awards
Our Top EVs, Pickups & SUVs of 2024
Tested by the Car Experts
- Used Cars Under $15K
Wide Selection of Affordable Cars
Search by Make and Model Near You
- 2023 Truck Buying Guide
Search results
Results from the WOW.Com Content Network
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 ...
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.
Repossession. 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 property may then be sold by either the financial institution or third party sellers.
Most car dealerships do not pay cash for the vehicles they buy at auto auctions. They rely on inventory financing, a line of credit extended by a bank or other institution to acquire vehicles. This is known in industry parlance as floorplanning (floor planning) or simply "flooring" vehicle inventory.
A bank created fake accounts, forced clients into unnecessary car insurance and repossessed vehicles when they didn’t pay. Now it has agreed to $20 million in penalties
Buy here, pay here. In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [ 1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have ...
Ads
related to: bank repossessed cars for sale