In Georgia, lenders can repossess without judicial approval, as long as they avoid breaching the peace. Notice of Sale: Once the vehicle is repossessed, the lender must provide a notice of sale. This informs the borrower that the vehicle will be sold to recover the loan balance.
You are hereby notified that your description of motor vehicle, year, make, model and VIN #, was lawfully repossessed on Date because you defaulted on your loan with Credit Union Name. The vehicle is being held at location address of vehicle. be sold at public sale. A sale could include a lease or license.
9 ways to buy repossessed cars Car dealerships. Car dealerships may occasionally offer repossessed cars for sale. Banks and lending institutions. Online auction websites. Local car auctions. Car repossession companies. Government agencies. Online classifieds. Public notices and advertisements.