Impound Cars For Sale

Question by : The company my car was financed with went out of business, i never heard from new company now they try to repo?
The Company I financed my car went out of business or bankrupt, it was a buy here pay here type place. the company went out of business due to many unlawful practices & scam involving the sales of car& the car dealership. The payments were taken directly out of my bank account every month. I never missed one for the first 2 of the 3yr note. When I went to trade the car I discovered that the dealership that I bought the car from was gone and had been for several months. I went to my bank to find out who was taking the money out of my account each month for my payment. I finally was able to make contact with the people taking my money and they informed me that my car was a lease not a purchase. This was one of the many scams the dealership used & was convicted of. I had the payments put on hold, did a VIN inquiry at the Texas DMV and found out that the car was still owned by the first dealership & their finance company that went bankrupt was holding the lien on the car. This would be the company/owner that is headed to the federal pen for 20 yrs. Not the company that was taking my money every month. The finance company that was taking my money ever month never contacted me, never mailed me anything, i had too track them down. When I ask them for answers they did not have any at all, and most of the time i would call and talk to someone they could not find any info on my loan at all. And if they could they would only know t was a lease(which it was not)

What rights do I have? Dose the new lien company “if they are” have an obligation to notify me? Did the finance company I signed contracts with have to notify me? And what does the law say about the title having a lien holder that is not longer in business? Shouldn’t the new lien holder be on the title if they in fact are the new lien holder? I will pay for the car I owe money on but will not waste another penny on a lease with a company I never heard of and never gave permission to access my bank account. All of my signed contracts state the dealership that went out of business and the owner that is headed to the pen, no phone number on anything i have for them are in service anymore.

Best answer:

Answer by Ring0Rosie
You need to get a lawyer.

You were scammed and right now you have no legal rights to the car you’ve been paying for. Nothing can change the fact that you don’t own the car. It’s not fair, you are probably going to have to go to court to make things fair, but due to the bankrupcy, you may not be able to get anything.

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Question by : What would the detailed process be in buying a car from a public auction?
I would like to know more about buying a car through a public auction, repossessed cars, police seized cars, government auctions. How do i get into these auctions? What can i expect? Where would the best auctions be located in California? How does the auction work? What are good sources to look up the car’s history before buying it through an auction? Are there available warranties or are these car’s “as is”? The more information you can provide, the better.

Best answer:

Answer by Karle
first off u cannot look up history ….unless u happen to pre-pay a multiple carfax before u go and carry ur smart phone with u and look it up once u are there…

** as far as auctions go most are scams…….and the ones that aren’t aren’t really open to the public……they are but the used car dealers go and can and WILL out bid anyone on anything decent……

** as for when and where contact ur local PD ….and every garage or mechanic has to auction off cars that they keep from ppl not paying the bill and they have to run an add in the paper about it at least one week in advance…….but again these “auctions” are rigged….basically mechanic will “pay himself” for car if u don’t offer enough money ……

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Question by brighteyes582003: I brought a car from the former dealership I worked at. They let me do the work took it from my pay. they repo?
the car and have it for sale on the lot. They sent me a letter for court for a judgement.

Best answer:

Answer by v b
And your question is?

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Question by theocroxs2001: is it a good idea to buy repossessed cars from those auctions?
I am 16 years old, times are extremely tough right now and i definitely need a car… im getting my license soon so i have been looking into options.. i cant spend like more than a couple thousand…. and someone told me that you can go to auctions where the gov/banks repossess cars and you can get nice cars that are new and have great mileage for cheap….i looked on some sites and saw like examples of their sales.. example was a mercedes 4 dr sedan sold for 2000.. from the year 2003…so what im asking is.. is it a good idea if youve done it before please tell me and if so do i have a good chance of getting a great car at a cheap price.. are all the cars pieces of shit? thanks…

Best answer:

Answer by eddie b
it is not a good idea. Im 17, i looked into that too when i was 16. The thing with auctions is that u cannot test the vehicle b4 u buy it so u dnt kno wat u get. I bought my first car at a dealer for 2000 dollars even, so just look around on websites like craigslist and check out lots of cars, turn them on and drive them, take your dao or uncle or sum adult with u, good luck

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Question by James: how reliable are cars from car auction dealers?
I am looking to buy a used toyota camry. Will i be able to get a better deal at car auctions (like manheim) or at regular car dealership. On an average how much people save by going for auction.

Thanks

Best answer:

Answer by aaron
You can get some really good deals at car auctions..best advice would be to bring a mechanic or some1 who know a lot about cars with you

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Question by bean b: Does anyone know of any other website that advertises used cars for sale aside from craigslist?

Best answer:

Answer by bluegirl97
Try www.cars.com You can pick out a car by make, model, distance etc.

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In most of the cases, being lucky during a car auctions is something really good. You might have the luck to land on a good deal and thus, if you are patient enough and you are careful to keep your eyes on the offers, then you might be successful at landing on a goo deals. Therefore, you will be able to benefit from really good offers and you will feel most happy about it.  The perks will be even larger if you manage to limit yourself to the budge that you really have and thus, you will be able to not go overboard with the buying of a car.

However, what will happen if you don’t find anyone there to help you in your quest to buy a car? Will that imply that you are advised to keep away from auctions, because you will not be able to handle the challenge? Nonetheless you will need  to look after yourself and be careful when participating in an auction, even though you might not be experienced at participating in a car auction. Nonetheless, what you need to do is to actually become part of the auction and not always keep aside from becoming involved in the auction. Even though you land into trouble, you might find a way to pull you out of the situation.

Look and scrutinize a car carefully

Whenever you are scrutinizing over a certain car, you might need to look at odometers and start calculating. This isn’t however the only thing on your list. You will also have to look at the mileage of the car and see how much it has been torn by the weather or by the conditions in which it has been kept. Also, you might want to find out how many owners the car had had in the past and also, look for other signs and imperfections. For instance, the cars which had run more might need more on the maintenance side while other cars might have been sturdier. Also, instead of looking at the mileage, you might want to be on the watch for different things that might occur while you are searching for the perfect car.

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One such thing is rust. When you are checking a car, you might want to get under it and start looking for rust over it. The rust might appear over some areas while it might be under the belly of the car. Or, in other cases, the signs might appear on the other side of the car. Therefore, you might want to give to the surface of the car some sort of rap. If you look under the wheels you might also be able to find some rust there. Therefore, if you find any signs of rust, that means that car has actually been used a lot in the past.

If you see just tiny amounts of rust, then that is probably going to be ok but if the rust is pretty prevalent on exterior surfaces, then you might expect that the interior is also full of rust, which is not a good thing. Therefore, many owners might want to replace certain parts of a car and usually, they would do that with the parts that  will become rusty in the future. Therefore, if you stumble across rust you might want to check the exhaust tube. If there are no holes or any other  parts hanging from it, then the exhaust fumes part is ok.

Also, you might benefit from observing how the driver during the car auction is maneuvering the car. Is he or she having trouble shifting the gear or does he or she have any problems moving the car? If so, then you might want to talk with the  driver and make sure you are having no problems. Once again, it is advisable that you look carefully for any signs or damage to the car, because you will be the one paying for the repair of those if you decide to buy the car. If you happen to observe something that is not in place and that is not functioning the way it should, then an alarm should be triggered in your mind.

The sounds could help you change your mind

If you are a regular  visitor to the car auction, then you will need  to find out a lot more on cars. For instance you might even be able to distinguish between sounds that are usual in a car and sounds that are unusual. For instance, if you happen to hear any extra dings, chugs, pings or clanks  then that means the car will be likely to have some problems in the future. Also, while you might be that kind of an expert to discern between sounds,  you might still be able to have a general idea of what you should hear and what you should not hear. Therefore, it is important that you keep in mind what is good to hear and what is not.

Once the auction finishes, you will then be able to visit a professional, for instance a mechanic and then find out what is happening to the sounds and from where they are coming from. A mechanic working in the field might help you answer some of these questions that you might have.