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2. A bank created fake accounts, forced clients into ... - AOL

   www.aol.com/bank-created-fake-accounts-forced...

   A bank created fake accounts, forced clients into unnecessary car insurance and repossessed vehicles when they didn’t pay. Now it has agreed to $20 million in penalties

3. Auto auction - Wikipedia

   en.wikipedia.org/wiki/Auto_auction

   Auto auctions are the most common method of disposing of repossessed vehicles. Repossessed vehicles can feasibly sell for less because the financial institution disposing of them only seeks to offset its losses (also restricted by federal regulations). The condition of such cars may be compromised by lack of maintenance.

4. Repossession - Wikipedia

   en.wikipedia.org/wiki/Repossession

   Repossession. Repossession, colloquially repo, is a "self-help" type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers.

5. September 2019 events in the U.S. repo market - Wikipedia

   en.wikipedia.org/wiki/September_2019_events_in...

   On September 17, 2019, interest rates on overnight repurchase agreements (or "repos"), which are short-term loans between financial institutions, experienced a sudden and unexpected spike. A measure of the interest rate on overnight repos in the United States, the Secured Overnight Financing Rate (SOFR), increased from 2.43 percent on September ...

6. Is That Used Car for Sale Really a Repo or Government Surplus?

   www.aol.com/news/2011-03-30-is-that-used-car-for...

   Ads proclaiming "Government Vehicle Disposal" and "The Repo Joe Sale" are designed to steer buyers to special used car sales events under the pretense they're getting a special deal.

7. Buy here, pay here - Wikipedia

   en.wikipedia.org/wiki/Buy_here,_pay_here

   Buy here, pay here. In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [ 1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have ...