Buying a Repossessed Car: Here’s What You Need to Know

Bank repossessed vehicles are cars or other vehicles taken back by financial institutions from borrowers who default on their loan payments. These vehicles are typically sold through auctions or direct sales to recover the unpaid loan amounts. Since banks are not in the business of holding or reselling cars for profit, they often price these vehicles below market value to ensure quick sales. #robbthecarguy #moneymanweems #Inflation #Cars #Value #Economy #Quitting #Giving #Hard #Struggle #Afforda

Got Your Car Repossessed? Steps to Take Now