Need a Perth repossession car buyer who can pay top cash? Premier car removal Perth is a choice for most finance and insurance companies
When it comes to buying repossessed cars, you can count on the skilled professionals at Premier Car Removal Perth. Our expert repossession staff knows all the necessary precautions to take when legally and safely retrieving a parked vehicle and selling them for cash. Modern, high-end, sport/competition, classic/vintage, and daily vehicles are all within our repossessed automobile experience.
Are You A Lender, Finance Company Or Agent Looking To Dispose of Your Car?
A vehicle that needs to be repossessed should be towed by a business that can do so safely and legally. As a bonus, if you have the necessary skills, you may safely lock up the car without causing any damage. For example, if you want to choose a reputable company to provide a repossession towing service & selling the vehicle, you need to ensure they are familiar with the rules and regulations involved. For example, when moving a car that has been repossessed, it is essential to use the proper tow trucks and equipment.
When it comes to towing & selling, the team at Premier Car Removal in Perth takes their work very seriously. We ensure that everyone on our staff has the skills they need to give our clients and everyone involved in the repossession process excellent service. This includes taking great care of the cars in question and paying top cash for cars if the agent or finance company wants us to sell and look after the process
Not Getting The Right Price For Repossessed Cars?
Why go with anyone else when you need a car buyer who specialises in repossessed vehicles? Premier Car Removal has always been very professional and respectful to their customers, their cars, and everyone involved in the process.
Also, Premier Car Removal is happy to call Perth home and knows the problems people in this fast-paced city have to deal with. Because we know what works best, we can guarantee that your car will be repossessed and safely taken to its final destination. We also make sure that everyone follows the rules of the letter. Leave the towing to our helpful professionals while you kick back and relax.
None of your efforts is required. If you’d like to sit back and focus on what’s truly important, our experts can handle the entire procedure from start to finish.
Making Up The Difference
Cash For Repossessed Cars
A “deficiency” is the difference between what you still owe on your contract (plus certain fees) and what your lender gets when they sell the car.
For example, if you owe $15,000 on the car and the lender sells it for $8,000, the difference is $7,000 plus any other fees you owe under the contract, such as fees for the repossession, early termination of your lease, or early payoff of your financing. In most states, if your lender followed the rules for repossession and sale, it can sue you for a deficiency judgment to get the money you still owe.
If your lender Sells Your Car for more than what you owe (including the lender’s costs), this is called a “surplus,” and the lender may have to give you the extra money.
What to do if your car is taken away from you, get legal advice. Contact the creditor to find out if there is anything you can do to stop the sale of your car, such as setting up payments or asking if they will accept an offer to settle the debt with full and final payment, as in some cases, a lower lump sum may be accepted.
If you are struggling to pay the finance of the car:
- Apply for financial hardship assistance and talk to the lender
- Contact an ombudsman and explain the hardship
- Return the car to the lender or finance company before they repossess the vehicle
Call Premier Car Removal in Perth at 0406 996 661 / (08) 6252 8500
Financially Stressed Aussies Offload Cars For Cash
Australians who are struggling financially sell their cars for cash.
According to new research, the average price of a used car in Australia has decreased for the past six months. This is good news for people who couldn’t afford a car in the hot market.
Things aren’t exactly ‘normal’ just yet.
For example, the average used vehicle price is still 55% higher than in January 2020, right before COVID wreaked havoc. The epidemic reduced the availability of new autos, while inflationary forces widened the bite. These two reasons increased demand for used vehicles, which drives up costs in simple economic terms.
Used cars for sale
Since the Reserve Bank of Australia (RBA) raised interest rates for the first time in May last year, the number of postings has increased. This happened at the same time that the cost of living increased significantly.
“The canary in the coal mine” is still a sign of financial stress for people hardest hit by rising rates and inflation.
Few households struggle to make ends meet, and many caravans are on Facebook Marketplace and Gumtree as inflation bites.
One-third of Australians are tenants who are suffering from rising rents. One-third of Australian households have mortgages and are being (or will be) crushed by rising mortgage rates.The other one-third of Australian households mostly made up of older people, own their homes outright, have saved a lot during the epidemic, and are now benefiting from higher deposit interest rates.
The first two categories are more likely to liquidate assets to make ends meet, while the third group is more likely to spend on a new car.
