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ASK the lender.

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โˆ™ 2015-07-15 19:12:30
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Q: How do you find out what price your repossessed car was sold for?
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Who owns the car after it is repossessed?

It would go to a car auction and sold on to a new owner and may be sold for a price much less than it is worth


How can you find out if your repossessed car was sold?

The lender should let you know, you can contact them and they should tell you.


What can you do if your car was repossessed but was not changed out of your name?

There is nothing you can do till the car is sold.


Can you get sued for the balance of your car loan after the car is repossessed and sold?

Yes.


How do you get a repossed vehicle back?

If your car is repossessed and you want to get it back, you can contact the finance company and clear any outstanding payments. They may agree to return your vehicle to you if they have not already sold it but be warned that lenders try and sell repossessed vehicles as quickly as possible to try and recoup funds. The finance companies often sell the repossessed vehicles at a car auction. Here they can be sold "as seen" and at a lower price than market value, thus they can be sold quickly. It is often possible to find out which auction your car is being sold at and you can get your repossessed vehicle back yourself by attending the car auction and bidding.


Where can you find out if the car that was repossessed has been resold and how much was it sold for?

The LENDER keeps such records and will share them with you ultimately.


Does a repossessed car have to be sold at a public auction?

NO. It can be sold any way the bank wants it to be sold


How can one find car repossessions that are being sold?

The place to go to find out about repossessed cars being sold is through the USA government websites. The cars are being sold at auctions and this would be where to find out.


My Car was repossessed what do I owe the bank?

They will auction the car and you will have to pay the difference of what you owe and what the car sold for.


Can the loan co. who repossessed car tack on interest after car is sold at auction?

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How might one purchase a bank repossessed car?

Buying a repossessed car today can be a great way to save money, but be careful to inspect the car to be sure there are no hidden problems since they are typically sold "as is". Some dealers specialize in repossessed cars and you can also find them at a local auction.


Your car was repossessed. you have to make an offer of payment. if they do not accept the offer can they force bankruptcy?

They can't force you into bankruptcy, that is a choice you have to make based on your ability to pay your debtors. When a car is repossessed it is sold and you have to pay the difference between what you owe and the cars sale price.

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