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If you owe $12,000 on the loan, for example, and the lender sells your repossessed car for $8,000, the $4,000 difference — as well as any associated fees and costs — are called the deficiency ...
Usually, the vehicle owner must be notified of a repossession. The repossession agent will find the car and check its information such as the vehicle identification number (VIN) to make sure they have the right vehicle. If there is a match, they will attempt to hook up the car to the tow truck and tow it away or pick the lock and drive it away.
Ads proclaiming "Government Vehicle Disposal" and "The Repo Joe Sale" are designed to steer buyers to special used car sales events under the pretense they're getting a special deal.
A retention of title clause (also called a reservation of title clause or a Romalpa clause in some jurisdictions) is a provision in a contract for the sale of goods that the title to the goods remains vested in the seller until the buyer fulfils certain obligations (usually payment of the purchase price).
Private car licence plate numbers began in the early 1900s when Singapore was one of the four Straits Settlements, with a single prefix S for denoting Singapore, then adding a suffix letter S 'B' to S 'Y' for cars, but skipping a few like S 'A' (reserved for motorcycles), S 'H' (reserved for taxis), S 'D' (reserved for municipal vehicles), and S 'G' for goods vehicles large and small.
A 1960 Ferrari 250 GT SWB California Spider that went on to sell for $4,950,000 in 2009 was offered for sale in the June 1964 issue of Road & Track for US$10,500 (equivalent to $103,000 in 2023), in the April 1976 issue of Hemmings Motor News, the same car was offered at US$16,750 (equivalent to $90,000 in 2023). [32]
Cycle and Carriage was a car dealership chain founded in 1899, and based in Singapore and Malaysia.. Cycle and Carriage was one of the premier dealerships in colonial Malaya and Singapore and had been a major dealer for Mercedes-Benz, Mitsubishi, Chrysler, Jaguar, Kia, and Citroën motor vehicles.
As of September 2021, the Tesla Model 3 was the best-selling electric car in Singapore. [11] In September 2022, EV registrations were about 19% of all new car registrations. [1] By the end of 2022, there were 6,531 electric vehicles registered in Singapore, equivalent to 1% of all vehicles in the country. [12]