I need to get my car back !!!?

Question

Any ideas. My car got repo after 3yrs or paying for it. I am short of money what can I do!!!

Answer 1

I'm in the car business and there are only a few answers. you can make arrangments with the lender, go to the auction and buy it back, or pay it off in full plus the repo and storage fees. I would not do any of these though. Go buy a nother car before it reports to your credit.... hurry!

Answer 2

Call the lender to discuss return of the vehicle (they will require that you bring all payments current and pay the repo fees). If you had 3 years of good payments they should be willing to work things out with you. If not, you could file a bankruptcy petition in Federal Court. A bankruptcy petition takes precedence over state law stops all pending legal action (you don't mention how much time has passed since your car was taken, so it may be too late for this option to help you). Once you've declared bankruptcy, you can request reaffirmation of the debt (that means you'll keep the car and pay the balance owed).....the court can allow you to continue the car payments without paying the repo fees....Keep in mind that a bankruptcy action will stay on your credit report for 7-10 years....

Answer 3

you need to contact the lender and do whatever they say. Do everything they say by the time they set. Otherwise, you will not only lose the car but will have to pay the "deficiency" when it is auctioned off.

Lenders only repo a car if it is very far behind on payments AND you have stopped talking to them. Next time they call you really should talk to them and be honest with your answers and if you promise to amek a payment by the day after tomorrow, make it tomorrow.

Answer 4

Wow. Some people really....ok lets gets to your problem.

The first thing you need to do is to call the police department and get the name and the phone number of the company that took your unit. You are going to need this a little later.

Now call your finance company or who ever holds the note on the unit. Usually by the time a unit goes out for repossession there has been a number of attempts to contact the debtor (you). Letters and calls. Did you make a payment agreement and did not hold up to it? Did you avoid them? These can all be deciding factors in getting your unit back.

When you get the rep. at the finance company tell him / her that you have been repo'd and you need to know what you have to pay to get your unit back. IF you are lucky they will just have you bring the loan current and then fax a release to the repo company and you can have it back today, if you have the money to bring it current.

Some obstacles are:
1~ If you have had a history of being late or if you have been repo'd before they may have taken the unit right to the auction. I average 10 units from the debtor to the auction a week.

2~ Depending on your finance company you may have up to 14 days of free storage before the unit goes to the auction. They give you these 14 days assuming that you will get paid within the and be able to pick your unit up. Some finance companies start off charging you 25.00 to 50.00 a day and then on the date they specify, it goes to the auction, but you still owe for the storage.

3~ You now owe a repo. fee. Depending on where you are, what company took the unit, if they made contact with you and you were not cooperative, you hid the unit and they had to burn a lot of gas looking for it, that fee can start at 250.00 and work its way up to ?

4~ If you can not recover your unit and it had a lot of your stuff in it, you will need to call the repo. Company and make an appointment to go pick your belongings up. This again can cost you as little as 25.00 and go up to ?. The first thing that happens to your unit is it gets inventoried. That means someone takes all of your stuff, puts it in trash bags and puts your name on it. You may want to sit down and make an HONEST list of what was in your unit. Some companies and I can name names here in Denver pretty much let their lot guy steal what they want out of the unit. All of my clean outs are taped in case someone wants to say "I had 5,000.00 in my car" I have it on tape and beside, if you had 5,000.00 in your unit, it would not have been repo'd right?!

With all of that being said, get the rep on the phone, find out the minimum amount it will take to get the unit released. Ask the rep. If they can put the repo. Fee, and the storage fees on the end of your note, a lot of them will do that, so if you owe 500.00 that is all you will need to come up with.

A lot of reps' come off with the demeanor that they have your world in their hands because they had your car picked up, keep your composure no matter how crappy they get with you and it is just about assured that they will, especially if they have the impression that you avoided them.
You will need to try and get all of this done today because if you do not, it will be Monday, and if you are in fact being charged lot fees that could be a costly weekend.

That my friend is about all you can do at this point.

Good Luck!

Answer 5

It's a little late to do something about it now. Your best bet would have been to work with the bank when you first fell behind on your payments and they tried to contact you instead of waiting until they took action.

At this point sounds like you're SOL. Cut back on living expenses such as internet and computer. Find a job or a second job near where you live.

Answer 6

Desparate times call for desparate measures.

One -- you need a trusting family member you can "pimp" for money, but you really should pay your family member back -- eventually.

Momma, pappa, grandpappa, grandmama, etc.

This repo has called your manhood/womanhood into question so crocodile tears wouldn't hurt when you do your Academy award-winning performance of a "Distressed Car Owner" in a Leading Role.

If that fails, you can try to sell or pawn YOUR own jewelry, furniture, CD's, books, etc. other property you have to come up with the money they require to get the vehicle back.

Let's see who your fair-weather friends are. Ask them for the money, and when they tell you "hell no!", then you begin to realize that friends are there through THICK, but rarely through THIN.

However, the creditors repossessed your car because NOTHING from NOTHING leaves NOTHING. You got to PAY SOMETHING to have the CAR!

You are in default of your credit agreement and they have legal actions they have to take, up to and including taking the very asset you promised to pay for!

Boy, ain't nothing in life free, that's why your creditor is asking what can you do for them?

They got lots of responsibilities,
So they are looking for a buyer for your car.

Cuz ain't nothing going on but the rent.

You got to have a good paying J-O-B
if you want to drive freely.

If you ain't got it, then you got to get a skill or trade to make enough money to survive!

You can call them to see if they will give you a workout plan, but see . . . you haven't paid in at least 3 months probably, which is why they can't trust you.

Your words mean nothing if your pockets are empty!

Your word and your actions have shown that your character is suspect. They are trying to curb their losses, because it seems that you may have become a bad investment. NO character -- no credit. It is as simple as that.

HUSTLE TO GET YOU MONEY, MAN!!!!!

HANDLE YO BIZNAZ!!!!!!

Answer 7

Too little, and too late. You should have either kept the payments up or called them to make some kind of arrangements before they gave up on you and repossessed the vehicle. Ride public transportation, or mooch off your friends, because you are NOT getting the car back.

You might try and find a $200 beater and drive it until it quits.

Answer 8

Most lending institutions want nothing to do with reposed cars. It's long gone and the only thing you can look forward to is harassment from them for the balance of the loan. Check into credit consoling or bankruptcy proceedings.

Answer 9

Your *only hope* is to call the finance company and see if they are willing to work out payment arrangements. (which you should have done when you were falling behind BEFORE they took it back)
Depending on how long it has been gone,
they may have already wholesaled the unit.

Answer 10

2 little 2 late.