Repossessed Car Auctions

Ok I was late on my payments and I called GMAC on 9th and told them I can pay the full bill by the 20th. and that I will be getting some money the next day and would sent that to them in the mail the next day. They said that would be fine but if they did not get the full 3 payments they would repo the truck on the 21st. I told them that if I could not pay by then I would surrender the truck to avoid all the extra cost and they said ok. They took my truck on the 14th. The check I mailed to them for one payment was cashed by them on the 13th. In my book that would only make us 2 payments short and I feel they should have waited. I got the money on 20th like I promised but to get my truck back they wanted the last 2 payments and one forward plus repo fees of $600.00.

I live on Maui and they take the repoed cars to Oahu for auction but I made the payment and the repo guy said that the truck was still here and as soon as he got the paper work to release it I can get it. I called the head repo office in Oahu and they said they have not got any paper work yet and did not know where my truck was. I asked them to call me back when they found it and got the paper work. They said they would and they did call back and said they just got the release form. I asked where do I have to go to get it and they said that the truck was shipped to Oahu that morning and that I would have to pay the shipping cost to and from Oahu. They said it would be a few days to get the totals together and they would call back. She called me back as promised but she said it would be a few more days. I waited 2 day and then started calling them as I did not want to pay storage fees. I called from 27th to 30th with no answers and no call backs. I then called her manager and she said that they have been waiting for payment from me. She said they had the total 3 days ago and charged me $1,580.00 to get it back but they could not ship it now because I missed the shipping turn in date. But she will get it on the Feb 3rd ship. and it will take 2 more days to before I can pick it up.

So 22 days it will be to get my truck back and $2,180.00 in extra cost. Does anybody think this is fair? and has anybody had a story like this? and did you report them to the BBB.org? and what did the BBB.org do for you.

I tried calling several lawyers but they won’t touch this case. I guess they feel it is below them. I was also fired from 2 good paying jobs and I would like to get compensation of up to $25,000.00 as that is the total of the 2 contracts I had lost plus the fees they charged by lying to me.

Anybody know a lawyer that will take on this case?
We are working with the home lender and I am not looking for the grow up kind of answers. We made a deal and they lied is the point of the question. I did not blame anyone for my lack of cash flow. I just want the unneeded ransom fees to go toward the truck payment instead of in everybody else’s pockets.

Hi there, if you ever purchased a car from an auction or know someone who did, can you tell me what was the best car you got from an auction and for what price? Please be sure to include the year, make, model! Thanks so much!
I’m looking to get a newer car but $7,000 is my max. I was wondering if I could get a good deal at an auction with $7,000.
That’s and interesting sentiment Bg. That’s definitely something I’ll have to consider. I’m really looking for like a 2003 and up Toyota Camry but preferably a 2004+ Camry Solara.

In the field of this unstable cutback many frequent in the field of the sell in support of a car are thinking used. Searching in support of the as it should be used car can take place a hassle. All so as to endless trudging around car lots, dealing with car salesman, irritating to wrangle down to a gain value. Nearby are so many repo cars in support of rummage sale as it should be straight away, you be supposed to really consider these auctions as soon as hunting in support of a important deal. Many of the repo cars in support of rummage sale by the side of mart fit in to banks and economic institutions. These cars take part in been taken back from owners who possibly will nix longer keep up with their car finance payments.The mound needs to recoup the money it lost on the defaulted finance, and desire often promote the car in support of really I beg your pardon? Is still to be paid, value you can often uncover a important car by the side of a low value. Banks are not car dealers, if a car sells in support of top than the finance amount outstanding, so as to money goes to the imaginative landlord, so the banks take part in nothing to obtain by inflating the value too astronomical. If you are making an allowance for import a repo car in support of rummage sale by the side of mart, give rise to constant you check it out cold exhaustively ahead of bidding. Often these cars take part in not been checked by a mechanic, and are almost for ever and a day sold “as is”. For ever and a day ask if you can take a test drive, and consider ordering a Carfax description (all you need is the vehicles VIN number) which desire report you exactly anywhere the car has been, and if it has constantly had whichever chief problems. The record of repo cars in support of rummage sale by the side of mart is increasing, and with a trivial patience and chary shopping, your goal car possibly will really take place in the field of attain, by the side of a value hand down than you possibly will take part in constantly imagined viable.

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We’ve often come across terms such as seized autos, state seized auctions and bank seized cars, but ever wondered what these terms mean. Well, basically a seized vehicle or car is one that is seized or taken, by the government or certain financial and banking institutions. Why do they seize these cars? There could be many reason and all within the confines of the law. Repossession, surplus inventory etc are some of the main reasons of seizing these vehicles.

What is surplus inventory? Sometimes the government imports a number of vehicles. These vehicles may land up being surplus, for various reasons. So, what this means is, that the government is faced with a situation that the demand for vehicles is much lesser than the supply. And so they are face a surplus. Now, storing these vehicles is not only expensive, it’s just a waste of space. What governments or banking institutions decide to do is, sell these vehicles at a cheaper rate, rather than just keeping these vehicles as they are – thus wasting space and money to keep them safe. And so they decide to have auctions of these seized cars or bank repossessed vehicles.

In earlier times, it was just car dealers and other people who held special licenses that could go to these auctions. However things have changed today, and nowadays these car auctions are accessible to everyone.

State seized auctions are a bargain hunters dream. More than that, they provide people an opportunity to get some of the best quality cars at extremely low rates. If you’re lucky, you could be driving home in your dream car, after paying quarter of the amount that you would have paid in a car showroom or dealer.

Surely after reading this far, you’ll be keen to know when is the next state seized auction and where? If you search for this information on the Internet, you’ll be able to get details of various state seized auctions. Now mind you, some of these auctions are not just restricted to cars, you also have seized and foreclosure property auctions, bank repossessed vehicles etc

Having found out the location of the car auction, you need to do a few things first. Make sure you do your homework first. If you’re interested in buying particular model, find out about the price, condition, owners to name a few. While you may not get the car you want, at the auction, it’s always better to get a general taste of the buying environment and negotiating secrets. It’s also important that you understand how the car auction process, what details they would need from you – should you win the bid. You’ll find everything on the Internet, the only thing you need to do is spend some time and effort doing the research to list your desires and dislikes in a car. Take for example the website, http://www.choosetheprice.com for more details. You can become a member and get access to some of the best deals on seized cars. The thing is, a lot of information on seized car auctions, is not available to the general public, but by joining up for a website, you’ll have access to the industry secrets that are closely guarded.

Equipped with all this information, you have a lot to gain at a seized car auction. For one, you now know how relatively inexpensive it can be, to have your car of your dreams. Take for example, the case of Ms. Faye Adams, who became a member of this site and within no time, she had got the BMW that she always wanted, all thanks to Choosetheprice.com. Moreover she was able to get this car at a fraction of the cost that she would normally pay.

All said and done, state seized auctions have become an inexpensive option for many is there to make your dream car a reality. Join now, and see yourself driving your favourite car in a matter of few weeks!!

I am interested in buying a jeep and i would like to know how finance companie sell their repossessed vehicles. Do they ever hold clearance auctions?

I was just wondering what some of the prices on mustangs and dodge 3/4 trucks were. It seems like an easy process, just buy a 50 membership every year and you can go to the sale every wednesday