Find out why your car was repossessed, see if you can get it back — and know your rights. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website...
Buy the Car Back Some states require lenders send you a notice of the date and location where a repossessed vehicle will be sold. If you can attend the sale -- often an auction -- you could buy the car back. Not all states allow this, but if yours does, you could end up paying l...
Buy the Car Back Some states require lenders send you a notice of the date and location where a repossessed vehicle will be sold. If you can attend the sale -- often an auction -- you could buy the car back. Not all states allow this, but if yours does, you could end up paying l...
Banks often sell repossessed cars at auction. If the bank sells the cars in a public auction, rather than an auction open only to car dealers, you can attend the auction and attempt to buy back your repossessed car. If you cannot pay what you owe in person to recover your car, send i...
Our guide explains the steps of buying a new car, from choosing how to finance your purchase to getting the right level of insurance for your new car.
The lender may either keep the repossessed item or sell it to recover at least some of the loan balance. The borrower might still owe money after the repossession if the lender doesn’t recover enough. How soon repossession happens after a missed payment could depend on the lender, the produ...
Think it’s impossible to buy a good used car right now? You just need to know where to look! Find out where to get the best deal on a new (to you) ride. George Kamel Saving How to Pay Cash for a Car 10 min read So you’re wondering how to pay cash for a car—as in the...
Breach of contract, of course, brings the possibility of your car being repossessed. That’s why you always want to ensure the terms and financial circumstances are right to take the loan. A basic rule here is not to buy an expensive vehicle if your budget can’t afford it. ...
If you believe your automobile has been wrongfully repossessed, you may file a complaint with the Florida Attorney General’s Office online atwww.myfloridalegal.comor by phone at 1-866-9-NO-SCAM. Additionally, you may file a complaint with the Federal Trade Commission online using their compla...
Never buy a car that was a repo from a buy here, pay here dealership. Risks at these kinds of places are like cheap orange juice. Full concentrate. They tend to make money getting non-refundable down payments on older beat up salvaged cars that they know will break down, at which point...