Recovery
2021 Porsche Macan
REC-2026-0064 · Account PFNA-2025-0214 · Theodore Ng · 41 days since repo
reconciled
Marketing & sale
Channel rationale (commercial reasonableness)
Wholesale auction selected for speed and price discovery; multiple bidders mitigate single-buyer risk.
- Photos uploaded8 angles · 2026-04-04
- Listing liveManheim · 2026-04-08
- Buyer enquiries12 over 6 days
- Auction passedReserve met on 2nd round
Disposition
Cost ledger & proceeds
- Outstanding balance at repo$48,200
- + Repossession forwarder$1,450
- + Storage (41 days)$1,230
- + Auction fees$980
- − Sale price$33,800
- Deficiency$18,060
Deficiency
Open deficiency case
Spawn a new collections account on the deficiency balance. The borrower re-enters early-stage flow on the unsecured balance.