Government Repo Cars
Government Repo Cars: How They Can Benefit The Consumer
There is a mistaken belief among much of the public that federal, state and local governments will repossess cars when their owner fails to make good on payments. The reality is that repossessions do occur, but they are done by the banks and lending institutions that finance the automobiles. However, government bodies can and do confiscate vehicles and it is these confiscated vehicles – often referred to as seizures – that can be obtained as “government repo cars.” This article seeks to shed a little more light on the nature of these vehicles.
Posted under Repo Car Auctions
This post was written by admin on March 21, 2014