| Author |
Message |
|
thebishopp
|
Post subject: Collateral Reposession Fees  Posted: Sun 10 Jul 2005 21:53 |
|
Joined: Sun 12 Jun 2005 08:57
Posts: 566
Location: Evansville, Indiana
|
|
If there are any repo people out there, what is the average rate one charges a bank for recovering their collateral (car)?
My understanding is a percentage of the note left on the vehicle plus expenses.
_________________
-The Solution-
Indiana Agency #: PI20700211
Indiana Notary Public - Exp: 12/20/13
"Be without fear in the face of your enemies. Be brave and upright that God may love thee. Speak the truth always, even if it leads to your death. Safeguard the helpless and do no wrong. That is your oath."
- Kingdom of Heaven
|
|
  |
|
|
|
 |
|
EliteBailBoyz
|
Post subject: Posted: Fri 15 Jul 2005 13:05 |
|
|
|
|
The national average for repoing a car is 364.00. The fee varies from bank to bank the minimum local recovery we have completed is $250.00. We consider local within a 30 Mile radius. Anything outside local is additional charge.
There would also be different fees for for different types of equipement such as Heavy Equipment, Boats, Planes, Tractor & Trailors and so on.
Hope this is of some assistance to you!
Good Luck!
|
|
| |
|
|
|
|
|
thebishopp
|
Post subject: Posted: Fri 15 Jul 2005 17:32 |
|
Joined: Sun 12 Jun 2005 08:57
Posts: 566
Location: Evansville, Indiana
|
|
Why Thank You CD!
I was wondering if someone was going to say something LOL.
_________________
-The Solution-
Indiana Agency #: PI20700211
Indiana Notary Public - Exp: 12/20/13
"Be without fear in the face of your enemies. Be brave and upright that God may love thee. Speak the truth always, even if it leads to your death. Safeguard the helpless and do no wrong. That is your oath."
- Kingdom of Heaven
|
|
| |
|
|
|
|
|
