What to Do with 245 Demerit Points on a Foreclosure Vehicle?
1 Answers
To handle 245 demerit points on a foreclosure vehicle, the buyer needs to bring their ID card, along with the original and copies of the court-issued enforcement ruling and assistance enforcement notice, to the traffic violation processing window of the local traffic management department where the vehicle is registered, for a one-time resolution. Below is relevant information about foreclosure vehicles: 1. Uncertainty of Vehicle Condition: Due to prolonged impoundment, court-auctioned used vehicles are often in an overdue inspection state, and there may be risks such as the need for repairs, battery replacement, and full fluid changes. The condition of the vehicle is uncertain, and the buyer must have the vehicle inspected and deemed qualified before the transfer can be processed. The condition of court-auctioned vehicles is uncertain and may require repairs, handling of violations, and annual inspections. 2. Large Fluctuations in Auction Prices: Although court-auctioned vehicles have a low starting bid, due to reasons such as too many bidders, inexperienced bidders may end up paying a final price that is not low and could even be higher than the market rate.