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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 ...
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.
Most vehicles sold are off-lease returns, replaced rental fleets, company cars, repossessed vehicles, and trade-ins. [22] Off-lease: vehicles returned to the financial institution at the end of a lease term. Closed auctions are usually the only venue for such financial institutions to dispose of a large volume of end-of-lease returns. The terms ...
2006 was the only year where the Los Angeles Auto Show was held twice in the same year. The first one ran from January 6–15, and the second one ran from December 1–10 (press conferences were held on November 29–30). The second event was held in celebration of the Los Angeles Auto Show's 100th anniversary, despite its centennial being in 2007.
The museum was originally located within the Natural History Museum of Los Angeles County, and later moved to a historic department store designed by Welton Becket. Opened in 1962, the building first served as a short-lived U.S. branch of Seibu Department Stores, before operating as an Ohrbach's department store from 1965 to 1986. Six years ...
This is a list of the most expensive cars sold in public auto auctions through the traditional bidding process.. On May 5, 2022, in a secret auction at the brand's museum in Germany, Mercedes-Benz sold one of just two 1955 300 SLR Uhlenhaut coupes from its extensive collection of historical automobiles—which dates back to the earliest days of the car in the late 19th century.
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