I called my financing company Thursday telling them I had the money on Friday to pay them to get my car. Friday they took my car out of state and said I have to drive 4 hours each way to get it and I have to pay a $200.00 fee. Is this legal?
2007-02-05 02:13:25 · 5 answers · asked by farrenbrooke1 2 in Cars & Transportation ➔ Other - Cars & Transportation
i would ask a lawyer
2007-02-05 03:15:32 · answer #1 · answered by bearman48064 3 · 0⤊ 2⤋
If your car was repossessed,you were seriously late on your payments. In reading your question, it seems that the car had been repossessed, and you were trying to get it back!! You called the company and said that you wanted to pay on Friday and get the car back.
The car was most likely scheduled to be shipped to an auction for sale. They did not change the plan to do so, just because you called and promised to pay. You have a history of not living up to your word, when you financed the vehicle you promised to make payments on certain dates. You did not make those payments and ended up with the car being repossessed!.
Your contract says that you are liable for all expenses associated with a repossession. You have to pay the fees, and storage charges!!
It is legal. Go pay your bill and get your car!!! This may be an expensive lesson, but you need to pay on time!!!
2007-02-05 03:14:38 · answer #2 · answered by fire4511 7 · 1⤊ 0⤋
Of course it's legal. The true question is: Is it morally right?
Sometimes "illegal" and "morally wrong" aren't the same thing.
I understand we all have money problems once in a while, but the fact of the matter is that you are the one responsible for all this due to missing your car payments.
They can disguise those $200 dollars under any kind of "late fee" or "processing fee" etc..
A word of advice: If you get the car back after you do everything they're asking you to do... park it somewhere else. This happened to a close friend and the car was gone the next day. It turns out the Lien Holder was just trying to get as much money as possible from the guy before taking the car back. Now you are a risk to them.
2007-02-05 02:20:27 · answer #3 · answered by rob1963man 5 · 0⤊ 2⤋
i won't be able to see a lender doing a repo in basic terms for that, yet i assume it relatively is conceivable. It relies upon on the situations of the finance contract. If the contract stipulates which you ought to to maintain your tags valid in any respect cases, then they might. yet I doubt they might. A repo is regularly a final-motel degree and a very costly one, so it relatively is not the form of ingredient lenders and lessors do in the event that they might keep away from it. regularly via the time a automobile might nicely be repossessed, it relatively is simply by fact they have already lost extra funds than they might ever wish to recuperate. Repossessions are additionally ruled via statutory rules, so they do no longer seem to be something lenders can do at will over any little ingredient. If letting your tags expire is your best subject with the lender, you in all probability don't have an particularly enormous issue in any respect. yet study the finance contract, specifically the words and stipulations.
2016-10-01 11:15:06 · answer #4 · answered by persaud 4 · 0⤊ 0⤋
What did they say on Thursday when you called? How late are you with your payments? What does the contract say that you signed when you first got the loan? All these questions need to be answered before some one can give you a proper answer. If you really want to know if it is legal in your jurisdiction then you would have to ask a lawyer. Some time you can get free legal information. Try legal aid. If you want your car back I guess you have to go get it.
2007-02-05 02:23:33 · answer #5 · answered by Anonymous · 0⤊ 2⤋