Repossessed Car Auctions

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Question by : car being repossessed wondering how much i will owe.?
my lease payment is 273/month and i have 14 months left which would be a total of $ 3822. So I’m wondering, if they sell it at auction for more then that will I not owe them anything as far as the remaining amount for my lease? I just can’t imagine a 2008 dodge avenger not getting $ 4000 at auction. I’m an auto detailer at a dealership so I can make the car look close to new to increase the amount it goes for at auction. if i voluntarily turn it in I’ll save on repo-man costs. and also I don’t have money sitting aside so how long with it take them to start garnishing my wages?

Best answer:

Answer by heavyclove
For one thing if the car is repossessed your credit will take a hit for the next 7-10 years, If you can sell the car and pay of the balance that would be best.They can not garnish you wages all they can do call you day and night telling you need to pay the balance,they can’t take you to jail,they might try to sue you for the balance. I know it’s happen to me. Back in 1993 and know my credit is clear no repossessed on the report. I don’t know about the auction

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Cash4Cars Welcome to the Cash4Cars New Zealand YouTube Channel! Thank you for Viewing! We are your premier choice for Quality Cheap Cars and No Reserve Auctions! We sell everything and everything sells! so subscribe to our channel to ensure you are amongst the first to get our latest offerings and bid on-line for the best deals on the net!! We also pay cash for cars….anything considered all vehicles in all conditions so contact us today to get CASH for your car on 0800CASH4YOU or send us an email to Cash4CarsNZ@gmail.com www.cash4cars.co.nz
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Cash4Cars Welcome to the Cash4Cars New Zealand YouTube Channel! Thank you for Viewing! We are your premier choice for Quality Cheap Cars and No Reserve Auctions! We sell everything and everything sells! so subscribe to our channel to ensure you are amongst the first to get our latest offerings and bid on-line for the best deals on the net!! We also pay cash for cars….anything considered all vehicles in all conditions so contact us today to get CASH for your car on 0800CASH4YOU or send us an email to Cash4CarsNZ@gmail.com www.cash4cars.co.nz
Video Rating: 0 / 5

Cash4Cars Welcome to the Cash4Cars New Zealand YouTube Channel! Thank you for Viewing! We are your premier choice for Quality Cheap Cars and No Reserve Auctions! We sell everything and everything sells! so subscribe to our channel to ensure you are amongst the first to get our latest offerings and bid on-line for the best deals on the net!! We also pay cash for cars….anything considered all vehicles in all conditions so contact us today to get CASH for your car on 0800CASH4YOU or send us an email to Cash4CarsNZ@gmail.com www.cash4cars.co.nz

Cash4Cars Welcome to the Cash4Cars New Zealand YouTube Channel! Thank you for Viewing! We are your premier choice for Quality Cheap Cars and No Reserve Auctions! We sell everything and everything sells! so subscribe to our channel to ensure you are amongst the first to get our latest offerings and bid on-line for the best deals on the net!! We also pay cash for cars….anything considered all vehicles in all conditions so contact us today to get CASH for your car on 0800CASH4YOU or send us an email to Cash4CarsNZ@gmail.com www.cash4cars.co.nz
Video Rating: 5 / 5

Cash4Cars Welcome to the Cash4Cars New Zealand YouTube Channel! Thank you for Viewing! We are your premier choice for Quality Cheap Cars and No Reserve Auctions! We sell everything and everything sells! so subscribe to our channel to ensure you are amongst the first to get our latest offerings and bid on-line for the best deals on the net!! We also pay cash for cars….anything considered all vehicles in all conditions so contact us today to get CASH for your car on 0800CASH4YOU or send us an email to Cash4CarsNZ@gmail.com www.cash4cars.co.nz
Video Rating: 0 / 5