A tow truck company can legally sell your car under certain circumstances. Depending on the laws in your state, the tow truck company may be able to sell your car if you fail to pay your storage fees. In this case, the company must take certain steps and follow certain procedures before they can legally sell your car.
The first step is to notify you of their intent to sell. The tow truck company must provide written notice of their intent to sell, usually through certified mail or personal service.
This notice must include information about the date and time of the sale, where it will take place, and how much money is owed in storage fees. This is done so that you have a chance to pay off any overdue fees and reclaim your vehicle.
After providing you with notice, the tow truck company must hold an auction for the vehicle. The auction must be conducted in a public place with notice of the sale posted at least 10 days prior to the auction date. At this auction, anyone can bid on your vehicle and if it sells for more than what is owed in storage fees, then you will receive any excess amount.
Once the sale has been completed, the tow truck company will provide you with a receipt detailing how much money was paid for the vehicle and who bought it. They are also obligated to report any money made from sales of repossessed vehicles to local law enforcement agencies as soon as possible.
Conclusion:
In summary, a tow truck company can legally sell your car if they follow all necessary procedures such as notifying you of their intent to sell and holding an auction for your vehicle. However, if there is a balance owing on any storage fees then you may have to pay these off before reclaiming your car.
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