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03 What Are Repo Car Sales.mpg
31st March 2011
I bought a 2006 Subaru WRX STI. I traded in a 2004 350Z which was paid for. The value applied to my purchase from this trade in was ,500.00. I wrote a check, from my home equity line account, for the balance roughly, but not to rough, ,300.00. The check alledgedly bounced and the 06 Subaru was repossessed within 21 days of purchase. Is this a legal practice? The reason I ask the person doing all the paper work had me sign a Finance Agreement. I asked him why? And he replied it is because you are writing out a check with your trade-in but as you can see everything was zero’s. Since they repossessed my new car the only thing I could find in all the fine print in the Finance and Purchase Agreements was that if the dealer couldn’t place the financing they were to notify me in writing within 10 days and am to return new car and receive my downpayment or trade in back with no penalty. Is my check bouncing equal to not being able to place the financing? Does the 10 days apply?
My place don’t have used car shop so i need to find it through online.Is it possible to buy car through online?
I’ve heard that there are auctions hosted by local police departments in maryland. They selll cars seized from criminals and old patrol vehicles. How does a civilian go about attending one of these auctions?