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Archive for the ‘Repossessed Car Auctions’ Category

2006 Ford Crown Victoria police interceptor with lights /siren / cage

January 27th, 2012 Peter 7 comments

Not sure how but was a bank repo crown vic police car complete with all police equipment, radar, and CB. From a small town that perhaps did not make the payments to Ford credit and was at a dealer auction and sold for 00

Chrysler 300 After 50000 Miles Review

January 13th, 2012 Peter No comments

After 50000 is the result of over 18 months of driving over 3000 used automobiles at major Central Florida Auto Auctions, with up to 275000 miles on them, with 85% of them being in as is condition when traded, repossessed or turned in. This web site gives viewers a first time look at how well over 200 makes and models of automobiles maintained their NEW CAR integrity after 50000 miles.

Merlin Motor City – Trading Up Your Used Car

January 8th, 2012 Peter 3 comments

Merlin Motor City Online – Best Car Prices in Ireland, Showroom hosts hundreds of used cars, sales, merlin car sales, used cars in dublin. Merlin Motor City has Cars in Ireland website details hundreds of used cars for sale in Ireland
Video Rating: 5 / 5

municibid – 1998 Ford Explorer

January 7th, 2012 Peter No comments

On municibid.com, Government Auctions: www.municibid.com

Car repossessed. Want to pay off in full. Got a payoff notice. Is this right?

December 27th, 2011 Peter 1 comment

Question by : Car repossessed. Want to pay off in full. Got a payoff notice. Is this right?
So I’m currently working with bf’s parents to help bf get his car back. (He’s in Afghanistan at the moment).

The car was reposessed and bf’s parents contacted the company, Santander to see if we can recover the car with full payment. Santander said we had until 5/30 to pay off the car. Keep in mind the car was just repossessed.

We wanted this in writing so that we can pay and get the car back. We didn’t get a Letter of Intent, but instead got a Payoff Letter saying that if we paid the remaining balance, plus the repo fees, they will mail us the title. Of course there’s nothing here stating the possibility of being auctioned off, nor does it say anything about a reposession. it just lists our account number and our car make/model/year as collateral. Letter was addressed as “to Whom it may concern”…..Also lists an address to mail payments to, but was told over the phone to make a payment via Western Union. Here’s the website with the same instructions they gave over the phone – http://www.santanderconsumerusa.com/customers/make_payment_western.aspx

Not sure of the laws and if this is right.

I just want to help pay the remaining balance on the car to get it back for my bf. But not sure if these should set off some red flags? Should I be getting a Letter of Intent? Or does it sound like the Payoff Notice suffices?

Oh, one more thing, they did say we had until 5/30 before car goes into auction, but when they sent the letter of intent, they listed the date as 4/30, and the car was repossessed on 5/9.
i know there are storage fees, that’s why I want to pay off as soon as possible. what i’m wondering is with this Payoff Notice, is this good enough for me to pay the total amounts (not including storage fees), to insure that Santander will give me back the car? I”m afraid if I pay off the car, and then they will still auction it. can they do that?

should i still ask for a letter of intent on top of this payoff notice?

Best answer:

Answer by Irv S
Careful.
Once they’ve got it, they want to hang on any ‘fee’s they can add on.
‘Repo fee, towing fee storage fee for holding it, who knows what-all else.
‘Mail you the Title” will leave you stuck with ‘storage fees’ when you try to reclaim it.
Yes they can’t auction it for a set time (5/30 ?) but those storage fees are ‘per day’
and piling up all the time.
You are entitled to know all fees and charges ‘up front’ before you plunk down any cash.

Add your own answer in the comments!

Government Seized Car – How To Take Advantage Of Cheap Seized Car Auctions

December 16th, 2011 Peter No comments

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Bugatti Veyron sells for £625000 at auction

November 22nd, 2011 Peter 25 comments

This is the first ever Bugatti Veyron to face an auction hall due to the fact that the previous owner of the rare hypercar lost everything due to the recession including his business, house and his prized Bugatti which Lloyds TSB are selling off at auction. I was lucky enough to attend this event held in BCA British Car Auctions in Blackbushe, Surrey. The sale was part of a number of prestige motors up for grabs including Ferrari F430s, 360s, Vantages, Vanquishs, DB9s etc… The car has only covered 13000klms from new and was registered in 2006 at Jack Barclay in London. The specification is the best I have ever seen on a Veyron, dark metallic blue body with silver wings complemented by a azzuro blue leather interior. A stunning car no less. I filmed the whole auction process so you can see how the starting bid of half a million soon ended up at the £625000 winning bid. A very intense and exciting few minutes I find personally. I hope you enjoy. All filming and pictures by me. The music is ‘Rappers Delight’ by The Sugar Hill Gang. I DO NOT OWN ANY OF THE SOUNDTRACK OR MUSIC IN THIS VIDEO.
Video Rating: 4 / 5