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Ever had your truck repo'ed? - Truckers' Trucking Forum | Message . They take the truck auction it off for whatever they can get out of it. In my case I had an 02 with a loan balance due of 38k they sold the truck for 6k .
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TSLF | Economist Blog Mar 16, 2008 . Essentially a repo is a short-term collateralized loan from the Fed. . In December, the Fed introduced the term auction facility as a .
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