Hi, I have heard that Banks and Financial In - 8381

Hi, I have heard that Banks and Financial Institutions pull the cars on whom they have finance from the parties failing to repay such loan amount.What do they do with such cars?If they sell,from where and how I can buy such a car?

By Arundhati 03 March 2010

Answer:

Expert`s comment:

Hi,
Banks after seizing the cars due to non payment of loan amount will do auctioning of the cars and sell to best quote.Generally Banks have links with used car dealers and hence they will sell to dealers and individuals will rearly get information about the same.

Answer by Shiva Shankar 03 March 2010

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