Posted by Moondoggie on September 14, 2010 at 18:31:39 from (66.187.36.93):
In Reply to: OT Car Repo posted by barn E on September 14, 2010 at 18:16:08:
In Wis., a lender is required to sell repo'd vehicle in a 'reasonably commercial manner.' But that is usually at an auto auction. If the repo is by a dealer/finance co. combo, the dealer will usually add 'fix-up' costs to the cost of sale. If the sale is short of the amount owed, the debtor may be sued for the balance. If no other immediate debt problems (ya, right!)wait to see what the car is sold for and how much, if any is owed after sale. Good Luck!
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Today's Featured Article - Tractor Profile: Allis-Chalmers Model G - by Staff. The first Allis-Chalmers Model G was produced in 1948 in Gasden, Alabama, and was designed for vegetable gardeners, small farms and landscape businesses. It is a small compact tractor that came with a complete line of implements especially tailored for its unique design. It featured a rear-mounted Continental N62 four-cylinder engine with a 2-3/8 x 3-1/2 inch bore and stroke. The rear-mounted engine provided traction for the rear wheels while at the same time gave the tractor operator a gre
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