Auto Repossession: Personal Property & Redemption Infographic
We surveyed over 100 auto lenders in regards to their personal property and redemption techniques. Take a look at the data we’ve gathered.
- 40% of lenders follow a fee model of which it’s set by the agent and collected by the agent
- 20% of lenders don’t allow personal property and redemption fees
- 15% of lenders set the fee charges and allow agents to collect them
- 15% of lenders don’t allow agents to charge more than $50
- 13% of lenders allow agents to charge between $51-75
- 15% of lenders allow agents to charge between $76-100
- 58% of lenders allow agents to charge more than $100 in personal property and redemption fees
