I thought I could make my payment and the repo fee and get the car back. Can they make me the balance on the car if it's a tote the note? I only owe $1200.00 to have it paid off. We had a verbal agreement to pay an $11 late fee via mail and the payment that was due this Friday 4/6. I mailed the late fee and they picked my car up this morning. They said they didn't receive the late fee in a timely manner and would have to review my file and let me know what I can do sometime tomorrow?
2007-04-04 11:14:18 · 2 answers · asked by pdd70 1 in Cars & Transportation ➔ Buying & Selling
Usually they can demand the whole note if you default on a payment. One of our local TV crews did a report on a used car dealer and they showed he had sold the same car 8 times and he still had it on his lot.
If there is any way, try to come up with the total amount due and pay it off. These guys sound like rip off artists. If they give you a hassle try contacting the media and see if they can do anything. The car dealer will not want the bad publicity, that would be bad for business.
2007-04-04 11:21:54 · answer #1 · answered by Fordman 7 · 0⤊ 0⤋
Something doesn't sound right. I worked for a company like that. If it is a valid Repo you have 10 days to come up with the balance in full to get your car back.
2007-04-04 11:31:35 · answer #2 · answered by adgirl 1 · 0⤊ 0⤋