Best Answer

If a bank repossesses someone's vehicle they will often sell it. Smaller banks or credit unions usually put the cars up for sale on their own lots using "For Sale" signs. Majority of the bigger banks or credit unions hand over the cars to a professional auto auction company.

User Avatar

Wiki User

โˆ™ 2013-07-01 16:00:36
This answer is:
User Avatar
Study guides


21 cards

Im with someone in the army and we want to get married asap but would he get into trouble he is 21 and im 16

What does teachorous mean

What is the first aid treatment for arterial bleeding

What is the difference between an intentional and unintentional injury

See all cards
77 Reviews

Add your answer:

Earn +20 pts
Q: If a bank reposesses someone's vehicle where do they sell the repo cars?
Write your answer...
Still have questions?
magnify glass
Related questions

Where can one find a calculator for vehicle loan rates?

One can find calculator for vehicle loan rates from Sainsbury loan, Tesco bank, Clydesdale bank loans, Bankrate, Capital One, M & S Bank,Derbyshire Building Society and Cars websites.

When do cars get repossessed?

Depending on the bank used to finance the car, after failing to pay 3-5 payments the vehicle will be repo'd.

Do all cars have vehicle tracking?

No, not all cars have vehicle tracking. It is a relatively new feature to include in automobiles, so the older model cars areny likely to have vehicle tracking.

What does one need to login to the Carfax website?

First, you need to create an account on Carfax using your email address, then you should be able to login. Carfax is a website that shows someones vehicle reports in a used cars.

What will the futuristic vehicle be?

flying cars

What kind of cars do odyssey cars make?

Odyssey is a model of vehicle. The make of the vehicle would be Honda. So all odyssey cars are made by Honda. They are primarily vans and suv type cars.

What jobs can a 14-years-old girl get?

wash peoples cars or walk someones dog

Why do cars have number plates?

To identify the vehicle

What vehicle carrries cars?

A car transporter

What you do in vehicle mechanic?

Fix and or maintain cars

Where can you get a vehicle abstract?

from a carboot sale they do lots of cars from a carboot sale they do lots of cars

When you have two cars and a loan through a bank and both cars are being reposses can the bank come after you at all if you don't pay the remaining balances?


People also asked