i can't pay for the car and they won't come and repo the car
2007-05-31 09:04:06 · 3 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
You should sell the car and hopefully get as much as you owe the bank for it.
2007-05-31 09:07:33 · answer #1 · answered by Jay P 7 · 0⤊ 0⤋
They will eventually get a local repo guy to come take your car, it's just a question of when, and where you'll be when it's taken. I know of someone quite recently that had the same scenario, she just kept driving the car, until the tabs expired. The repo guy showed up, for a car a couple houses away, recognized her car, and took it too. She hadn't made a payment in more than nine months, and had driven the car locally with the expired tabs.Good day for him! If possible, sell the car, obviously you need to sell for the loan amount, if it gets repo'd, your credit will suffer for seven years, and when they do take the car and auction it, it will be sold for such a low amount, you'll still owe the debt, and could face garnishment of wages, income tax returns taken, and other ways of collecting the money.
2007-05-31 21:11:57 · answer #2 · answered by fisherwoman 6 · 0⤊ 0⤋
Try selling it. If you get less than you owe, you will have to make up the difference.
2007-05-31 16:10:04 · answer #3 · answered by regerugged 7 · 0⤊ 0⤋