Seized Vehicle Auctions

February 13, 2010

Various federal, state and local governments and law enforcement authorities (as well as banks and credit institutions at auction) regularly Thousands of cars and SUVs. These cars are often a fraction of their retail value, sell off sometimes as much as 90% of book value, and may therefore you can on a vehicle a great [...]

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How to purchase a repossessed vehicle?

February 13, 2010

I know they have government auctions and police auctions and whatnot of properties and vehicles that were repossessed and foreclosed on. How do I find a listing of the different auctions in my area? When I look it up online all I find is a bunch of spam sites and sites that make [...]

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How quickly does a repossessed vehicle get sold at auction when initially placed?

February 13, 2010

A friend of mine had their vehicle rep
Originally posted 2008-12-24 13:48:59.

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How long do i have to wait to buy a house after a vehicle repossesion?

February 13, 2010

In Nov2007 my vehicle was repossessed. Since then I bought a new one car with a cosigner and am rebuilding my credit but the $6000 balance after the vehicle was auctioned off is still there. Do i have to wait 7years for it the repo to disappear or can I just pay the [...]

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can you please help with depreciation?

February 13, 2010

~650,000 vehicles coming off-lease next year in portfolio
15% of customers either purchase or extend their leases at the end of their lease contract
Of the vehicles returned, 20% of them are purchased by dealer through the Dealer Purchase Program
Average time between vehicle return to sales at auction is 6 weeks
Average depreciation is 10% per year
Average market [...]

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business law tricky question! ?

February 13, 2010

Backer has now decided to auction his motorcycle. He registered his vehicle at a public auction. The auction was held on 10th December 2008. The starting price is RM 3,000. Many bids were made and the price has now reached RM 15,000. David, a popular politician made a bid of RM 16, 000. The other [...]

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