There are two categories of Auto Loans Buyers. The first group of buyers is most often interested in non-performing auto loans, and the second is in performing.
The first category includes debt buyers who have competencies in repossession. The collection of auto debt is associated with the search for a collateral car and following a repossession, the sale at auction, and the settlement of the debt. As a rule, such debt buyers come from auto debt collection or repossession backgrounds.
Due to plenty of legal specifics, the second type of buyer is auto lenders who want to increase their portfolios by buying performing accounts, or by working out non-performing accounts restructuring proposals, or utilizing their collection capacities.
