car repossesion?

Question

my car was repo'd and i have no infomation regarding where to start. My financial institution is closed becuz it's sunday. They took my car last nite and i have two jobs to go to... Any idea where carmax takes repossesed cars?

Answer 1

being a another person that has had a car repoed b4 what you need to do is on monday is car the state police and get direction on the state impound lot 9 times out of 10 they will have your car and if it is get to it quick good luck

Answer 2

depending upon which state you live in, your car being repo'd was done with previous notice...meaning they tried and get a payment arragemnet with you but couldn't, prior to taking the vehicle. however they dont have to give notice of when they'll be taking it.
Call your financial institution and speak to the collections dept. settle on paying your debt and ask where the car is located.
They usually dont tell you the whereabouts of your car until they have RECIEVED 75% of the owed amount.
--Depending on how late you were on payments (it could be between $1700-5600+) plus you have to pay on your own a towing fee (between $800-1500) to the company that repo'd your car locally.
--Also add to that a daily impound sitting fee (anywhere from $80-200 per day in the lot) the longer you wait the bigger the bill!
--PLUS if you only want to recover any personal belonging left in your car then you also have to pay a fee(btween $50-80per day...depending on location) at the impound lot.
So remember 1-call to find out the amount owed and work out a payment. 2-call again to make sure payment is recieved and get the info on the lot that has your car.
--If by any chance you chose not to get your car back, then you have to tell the financial institution and let them know that you dont want the vehicle anymore and you just want to pick up stuff left in the car and they will tell the impound lot you're just picking up belongings (all your stuff will be in a secure bag they collect, but radios and rims and such things stay with the car! SORRY) ,but you wont be able to even see your car. (which is now theirs)

Most cars are repo'd by local impound places where they process your car and the possesions left inside, then the car sits in the lot for 30 days just to give you a chance to re-claim it. If by the end of the 30 days you haven't taken any actions or payed the amount they ask for, then the car goes wherever the bank decides.(either back to the dealer or for auction)

Remeber you pay the late dues and fees to your financial institution and then impound fees and dues to the lot that has your vehicle, to get it back.
Then after you've spent all this money you have to continue with your usual payment schedule without missing a payment for the next 3 months becasue the financing officials CAN put you for repo again!
A repo is real bad on your credit tho. So for as much as you can try and keep your vehicle...the trouble is worth it.

Answer 3

Its usually taken by a local repo company. You could probably get a yellow pages directory and start there. Call every repo lot in town looking for your car. The only thing you can do is get your personal posessions out of the car. You will not be able to get the car back until the company financing the car decides to tell the repo man to release it. The repo man has nothing to do with whatever you owe the bank. All they can do is accept an order to pick up a car and once they have it in their posession, someone from the finance company verifies that they car is on the lot and the brings them a check. Then its up to the finance company to decide whether or not they give the repo man permission to give it back to you.

Answer 4

First thing to do is call your local police station they should have record of what repo company took your vehichle , The only thing a repo company can do for you is let you come remove ( pick up ) your personal property. Then you need to contact you bank on monday morning and set somthing up with them to get your payments up to date. You have so many days depending on what state you are in to do this before the bank can sell your car you also only have so many days to pick up your personal property repo companys only have to hold it for so many days then they can donate trash do what ever with it.

Answer 5

first off is there a auto auction place in your town of one close by? I work at a auto auction and when we repo cars for banks we bring them to the auction for clean up and resale. this is usually what is done so bank can try to recover the lost money from your failure to pay. the cars are keep for about 30 days before resale so you can get in contact with bank during bussiness hours to find out where it is and how much back payments are needed for you to get it back.