3 ms·
>They can sell it to an intermediary or send it to auction pretty quickly. In many cases, the court requires it goes to auction to demonstrate it was sold "at
by geoduck14 6y ago
>They can sell it to an intermediary or send it to auction pretty quickly.
In many cases, the court requires it goes to auction to demonstrate it was sold "at market value". Lenders don't really like to repossess cars - we are in the business of putting people IN to cars, not taking them OUT.