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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 ...
Equity is the value of the car that you own minus any outstanding car loan balance. If you owe $1,000 on a $10,000 car, you have $9,000 in equity. In some cases, people find themselves owing more ...
Network. truTV. Release. March 31, 2008. ( 2008-03-31) –. February 5, 2014. ( 2014-02-05) Operation Repo (formerly known as Operación Repo) is an American reality television series that depicts the world of car repossession with a team that portrays repossessions from California's San Fernando Valley.
Repossession. Repossession, colloquially repo, is a "self-help" type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers.
Tow truck. A tow truck (also called a wrecker, a breakdown truck, recovery vehicle or a breakdown lorry) is a truck used to move disabled, improperly parked, impounded, or otherwise indisposed motor vehicles. This may involve recovering a vehicle damaged in an accident, returning one to a drivable surface in a mishap or inclement weather, or ...
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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.
Vehicle location data is the big data collection of vehicle locations, including automatic vehicle location data. This usually includes times and often photographs as well. [1] [2] Common methods of data collection include automatic number plate recognition of vehicle registration plates from images collected by cameras mounted on vehicles or ...