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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 ...
Various objects can be repossessed, including boats and aircraft, but most repossession agencies focus on car repossession. The repo agent normally uses a tow truck or pickup truck with a special towing attachment called a boom. They also may obtain the key from the car owner. Usually, the vehicle owner must be notified of a repossession.
[1] [2] In 2013, the Auto Trader Group sold their South African business, Auto Trader South Africa, which then became a wholly South African-owned business. [3] [4] The autotrader.co.za website is South Africa’s largest automotive marketplace website for buyers and sellers of both new and used cars and other types of vehicles.
In 2004, South Africa was responsible for the manufacture of 84% of all vehicles produced in Africa, 7 million of which are on the South African roads. Also in 2004, the industry made a 6.7% contribution to the GDP of South Africa and 29% of all South African manufacturers made up the country's automotive industry. 2004 also saw 110,000 ...
Birkin Cars; BMW South Africa; Brandt BRV; Ford Motor Company of Southern Africa; Harper; Isuzu South Africa; Land Systems; Motorite Racing; N4 Trucks; Nissan South Africa; OSI Vintage; SAMIL Trucks; Paramount Group; Puma; Toyota South Africa Motors; Former AMCAR; Delta Motors; Peugeot and Citroën South Africa (PACSA) General Motors South ...
Samcor produced car and commercial vehicle models of the Ford and Mazda brands as well as the South African version of the Mazda 323 as Sao Penza. A source confirms the sale of the Mazda 323 under the Sao Penza brand name in the UK between 1991 and 1992. [7] With the renewed takeover of Samcor shares (45%) in 1994 Ford returned to South Africa. [8]