Re: Auto Value
no, you would likely owe the balance of the loan after subtracting the sales price and adding whatever fees they get to toss on.
While an auction price is typically less than what is considered fair market value, a discount of over 90% is extreme unless there was a lot wrong with the car. Had it been in a wreck or something?
I am not an attorney and any advice is not to be construed as legal advice. You might even want to ignore my advice. Actually, there are plenty of real attorneys that you might want to ignore as well.