Repo Car Hub is a directory which has Missouri repossessed cars for sale. We have a large database of local banks, auctions and dealerships in your area.
When you finance a vehicle, until you make the last payment or pay off the vehicle, the creditor keeps important rights to the vehicle, such as the right to repossession. The rights of each party are governed by the signed contract of sale and state law. Under Missouri law , Title 26, Chapter 400, Article 9 governs vehicle repossession.
Above are different banks and credit unions which may have bank repo cars for sale throughout Missouri. Foreclosed assets, including boats, recreation vehicles, homes, cars, and pickups are currently on the market in Jefferson City, Kansas City, and other cities all around the state. Creditors that originally repossessed the actual collateral property or home are usually happy to sell items at ...
Lots of affordable cars will have very affordable prices to take the attention away from the unknown problems. Moreover, bank repo cars will not include guarantees, return policies, or even the choice to try out. This is why, when considering to buy bank repo cars the first thing will be to perform a extensive assessment of the vehicle.
If your car is repossessed in the Show Me State, it's not necessarily the end of the issue. Missouri law allows the lender to still come after you for the deficiency-- the gap between the amount the lender received from selling the car and your unpaid loan balance.The lender also can tack on the cost of hiring a repossession company and preparing the vehicle for sale.
Call now at 417-831-9943 and speak to us directly.. We specialize in the re-marketing of repossessed vehicles, which include cars, trucks, and SUVs, as well as motorcycles, boats, RVs, and equipment.For more information about purchasing a repossession, please click on “about us” at the top of this page.
Repo cars for sale listed in Missouri on RepoDirect.com, including used and classic repo cars for sale. Get instant access to nationwide list of seized repo cars for sale, including car classified ads near you that are updated daily, and much more.
To obtain a repossession (repo) title for a motor vehicle, trailer, ATV, vessel, outboard motor, or manufactured home, the lienholder must submit the following items: A completed, signed, and notarized Application/Affidavit for Missouri Repossession Title (Form 5005) in the lienholder's name;
Car lenders in Missouri can repossess a car, try to sell it and then collect the difference between the sale price and remaining loan balance, according to Nolo. Lenders can repossess a car without a court order in Missouri, notes attorney Douglas B. Breyfogle. Before a car loan company takes a vehicle in repossession, it must notify the owner.
REPOSSESSION CHECKLIST 1. Is the account 10 days or more past due? If not, you have to wait until it is before you can proceed. 2. If the account is 10 days or more past due, have you sent the NOTICE OF DEFAULT & RIGHT TO CURE?