A Lamborghini Murciélago left unclaimed at a towing yard for five months was sold, yielding nearly $100,000 for the California DMV. This surplus forms part of over $8 million collected from lien sales since 2016. The DMV does not notify owners regarding these proceeds, leaving many unaware of potential funds awaiting their claim. Towing fees can entrap low-income Californians in a damaging cycle of debt, as lost vehicles can mean loss of transportation and housing.
In 2023, a Lamborghini sold at auction brought in surplus proceeds of nearly $100,000 for the DMV, highlighting the ramifications of lien sales in California.
The California DMV collected over $8 million from lien sales from 2016 to 2024, with many owners unaware they could claim the resulting funds.
For many low-income Californians, the cost of towing can lead to a cycle of debt, jeopardizing their access to transportation and housing.
While the DMV does not notify owners about auction proceeds, the law allows towing companies to recoup their expenses by selling unclaimed vehicles.
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