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Selling Your Car To The Government

Selling your car to the government is becoming more common in a public auction setting. The sale can be used as a way to pay off debt to agencies like the Internal Revenue Service. The way the repo business is booming, you may not even have the opportunity to even sell your car; it may just be taken from you.

Your governmental representatives; be it your Congressional representative or your state representative can inform you of such auctions in your local newspapers or other wanted ads. Most of the advertisements in your local paper are trying to promote the idea of you buying a car seized by the government at a seventy or eighty percent reduction off the original asking price, so the process of finding out how to sell your car at an auction like this is a little more complicated. Local elected officials should be able to help you if you can make the call.

There is usually some sort of ten percent fee or higher that a state government might charge you in order to have them take it off your hands. The fees can only go up as you ask for other services such as the detailing of your vehicle for example. Given these facts unless you want the government to take a large chunk of your profits, it is recommended that you do all of the preparation before you go down this route to sell your car instead of requesting their assistance.

It is also possible that a local government might just need an engine to help run one of their police cars for example. So if you have been working on a car to refurbish the whole thing, but the expenses and time/effort involved is just too much, but the car has a powerful engine, maybe it is a good idea to sell it to the police department. Policemen need faster vehicles with finely tuned engines to chase criminals who may be fleeing the scene. You just may be the person to aid them in their efforts by giving them the perfect offer on a car.

Can Some One Explain To Me Who Got Shafted In The Auto Deals With The Government And Why?each One Seperately?

http://us.rd.yahoo.com/dailynews/rss/top…

If The Government Ends Up Owning 70% Of Gm, Does Every Taxpaying American Get The Employee Discount?

Our tax money is bailing out GM and buying their bonds to the tune of 70% ownership in the company. So we the taxpayers own GM. It would seem to reason that we should qualify for the Employee Discount on all GM products since “We the People” are the owners. Am I right?

How Do The Banks And The Gm Company Recover From The Government Bailouts?

I’ve heard that some of the banks wanted to pay back their debt to the government for their bailouts, but the government wouldn’t take the money – because the government is now the “top share holder” of their companies. (Something along those lines w/the share holder-aspect.)

Gm Laying Off 10,000 Salaried Employees To Become Compliant With Government Standards. How Does This Help The?

Economy? Salaried employees are likely to own houses will this contribute to the housing collapse?

Can Someone Explain The Pros And Cons Of The Government Owning Most Of Gm?

The good and bad? The pros and cons of the government helping GM??
Thanks

Does The Government Giving Money To Uaw & Gm Make People More Likely Or Less Likely To Buy A Gm Car?

Does this hurt whatever goodwill GM had with Americans?

Auto Suppliers Want Us Government Bailout. It Was Only A Matter Of Time. Your Thoughts?

by Joseph Szczesny Joseph Szczesny – Sun Feb 1, 12:36 am ET
DETROIT, Michigan, (AFP) – Auto suppliers are preparing to head to Washington to ask for government help in surviving a deep slump in car sales that has slashed the production of new cars and trucks to the lowest level in a generation.
“We’re formulating our position and the scope of what a potential ask might be,” said David Andrea, vice president of Original Equipment Supplier Association, which is expected to handle the petition for the supplier companies.
Suppliers had already asked for help in November when Congress was considering a bailout of cash-strapped General Motors and Chrysler, who were granted 13.4 billion dollars in loans.
Since then, the situation has worsened as US production was slashed by 36 percent in December and is expected to be down even more in the first quarter after GM, Ford and Chrysler halted nearly all production in January. http://news.yahoo.com/s/afp/20090201/bs_…
Edit:
“We know the money is available,” Fisher said.
The list of companies cutting production also continues to grow.
Mitsubishi announced it was closing its assembly plant in Illinois until May and Nissan, Honda and Toyota have all ordered cuts in production at their US plants until they are reasonably sure that inventory won’t pile up on dealer lots.
Yeah, the money is growing on “trees” called the “American Tax Payer.”

Paulson Say No Bailout For Autocompany, And Government Will Not Buy Troubled Bank Loans. Why Not?

http://news.yahoo.com/s/ap/20081112/ap_on_go_ca_st_pe/auto_bailout

http://news.yahoo.com/s/ap/20081112/ap_on_bi_ge/financial_meltdown

Paulson does not want economy to improve? he does not to make it easy for ordinary citizen to pay bills? He should resign at once!

Why Can’t The Government Send The Poor And Middle Class The Billions Of Dollars Gm Is Asking For, And Only?

allow them to spend it at GM? That way, the poor and middle class get a new car, and GM gets the money they want. It seems to me that this would help everyone who needs it and the economy as well.