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If you owe $12,000 on the loan, for example, and the lender sells your repossessed car for $8,000, the $4,000 difference — as well as any associated fees and costs — are called the deficiency ...
Ads proclaiming "Government Vehicle Disposal" and "The Repo Joe Sale" are designed to steer buyers to special used car sales events under the pretense they're getting a special deal.
Repossession. Repossession, colloquially repo, is a "self-help" type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers.
t. e. A repurchase agreement, also known as a repo, RP, or sale and repurchase agreement, is a form of short-term borrowing, mainly in government securities. The dealer sells the underlying security to investors and, by agreement between the two parties, buys them back shortly afterwards, usually the following day, at a slightly higher price.
List of best-selling automobiles. The 1966 Volkswagen Beetle. It is the all-time best-selling car with only a single body style. Since the introduction of the Benz Patent Motorwagen in 1886, some passenger cars and light trucks can claim to being the highest selling vehicles in the automobile markets.
Yes, the police can tow your car for not having insurance in many states. If you are caught driving an uninsured vehicle, you may receive a citation to appear in court with proof of insurance and ...
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