Car Auction Prices Under Ticket Price

December 5th, 2009 by admin

I know that if I were to go and look at the government owned vehicles that they are trying to sell I would get a good deal if there are not a lot of other bidders on the same vehicle. What I do not know is if it is under the price that the loan is on for the repossessed car auction. Are the banks, or whoever owns the vehicle, trying to pay off the note or are they selling the car back at exactly what is owed on the vehicle? Is it really worth it to get into a bidding war to pay off some-one’s loan?

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