I want out of it. Is there a way? I lost my license and I have no insurance, I have breached my contract. Why dont they just come and take the car without me paying?
2006-12-05 08:38:03 · 5 answers · asked by Anonymous in Cars & Transportation ➔ Insurance & Registration
Oh, I'm so sorry about that! I know you realize when you commit to a loan you must pay it, and you can't give the car back to get out of it. Unfortunate, but true. Why don't you sell it? And see if you get enough to pay off the balance or at least pay that and owe the rest which you can pay over time?
2006-12-05 11:09:10 · answer #1 · answered by Chris 5 · 0⤊ 0⤋
Its called big business. They were partly hoping you would default. Now the will sell the same car at auction again probably getting more than the blue book value all over, then charge you the difference plus several different fees/charges for reposession. You just made them about 5k more on the car.
2006-12-05 16:47:13 · answer #2 · answered by www.treasuretrooper.com/186861 4 · 2⤊ 0⤋
You think you can just return it like a pair of socks at Walmart? They will repo the car and sell it at auction for less than trade-in. YOU will be forced (by a judge, no less) to pay the difference on what it sells for and what you owe.
Hope you liked the car...what a deal.
2006-12-05 18:49:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Because the car will have to be reconditioned and resold. That takes time and money. They are better off to wait until you default on the payment then they can go after you for the original sales price less whatever you have paid on it.
2006-12-05 16:42:20 · answer #4 · answered by yes_its_me 7 · 1⤊ 1⤋
no! but i think your mother was a whore
2006-12-05 18:36:23 · answer #5 · answered by diamondg4u2c 3 · 0⤊ 1⤋