Junkyard The Land Of Treasures

The junkyard has received many names because of the kinds of material it stores, most notably “the bone yard”, “auto graveyard” or “final resting place for automobiles”. Many junkyards have earned their referential titles because they are open vaults for the things the world once valued now discarded to wither away with time. The auto junkyard is especially a place we seem to put away things we have forgotten.

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Once stylish but damaged cars end up here in order to keep them from dominating landfills or destroying the beautification of suburban neighborhoods by occupying space in an otherwise neatly manicured yard. Though we delude ourselves into thinking there will be no more use for these vehicles, we often return to their open-air graves to recover much needed junkyard auto parts or salvage cars.

Owners of older car models who can no longer order special parts for refurbishing their cars can often come to the junkyard in order the save the day for their collector car. The companies that originated many of these models no longer exist, and when they do, they no long sell accessories or parts for long ago discontinued models.

If the owners can no longer find these parts at specialty retailers online or through special Internet auctions, they are forced to look for parts on old cars in junkyards and restore the parts before fitting them for their cars.

The car junkyard has more uses than just offering parts. The junkyard cars are sometimes a treasure waiting to be discovered. Many cars in the junkyard have been properly smashed down to mere layers of metal to prevent children or others who stray here from inhabiting them and hurting themselves.

Others are wrecked, but not compounded. Rescuing a car from the junkyard makes the perfect way for a car enthusiast to bond to his next great project. Some of the most beautifully restored models have come directly from the junkyard and received the attentive auto genius of some person whose hands itch for an old car to save.

One of the biggest benefits for car restorers or average car owners when they go to a junkyard to recover parts is the savings they will experience if they find what they are looking for. Most find their desired car part for a fraction of the cost that they would pay in a retail outlet.

There is no limit to what else you can find in a junkyard. Think of it as a treasure hunt in which someone has hidden the most valuable well-disguised nugget of gold just for you to uncover. That’s a driver alert, you can save real money here.

The Truth About Repossessed Cars

Repossessed cars have become a common phenomenon in hard economic times. Car buyers have not been as educated as they have needed to be in order to protect themselves in these kinds of situations. Bank repossessed cars go through an arduous recovery process before they reach repossessed car auctions.

One of the first things you should know if you are facing repossession is that you have rights as a buyer. Since you have not completely paid for the car, it technically still belongs to the bank. You are required to make timely payments, and when you cannot make those payments, you should communicate with your lender immediately and directly.

The truth beneath it all is the bank has no real desire to take the car from you and have to offer it to those who buy repossessed cars. Most of the time, they want to work with you to find a reasonable solution so that they do not create extra chaos for their investment with you. Repossessed cars are a headache for banks and lenders; many can only recoup a fraction of the cost when they have to advertise repossessed cars for sale, especially if they are damaged cars.

If a repossession agent comes to your house, he has been authorized by the lender to take your car. However, he has to stay within certain guidelines in order to be lawful. Most states allow representatives of lenders to come on your property at any hour to take the car without giving you any notice. They are not allowed to make threats against you or use physical force to recover the car. This would constitute a “breach of the peace,” which almost all states prohibit. They also may not come in a closed garage where the car is kept without your permission.

If a lender or its agents violates any of these laws, they may be required to compensate you for damages, and they may lose their rights to reclaim the car.

Once the car has been repossessed, the creditor may choose to keep the car in order to regain what has been lost with your loan. Typically, he finds someone who wants to buy repossessed cars and sells it for a fraction of the original sale price. The creditor must tell you its intent because most states allow you to demand that the car be sold instead of kept. When the car is sold, the lender has to give notice of the sale, at which point you can buy back the car for the posted price plus the costs of repossession.

Repo cars represent a territory most car owners do not wish to enter. However, if you know your rights, it is certainly not the end of the world.