2007-06-17 11:24:23 · 5 answers · asked by Anonymous in Politics & Government ➔ Law Enforcement & Police
What case? You don't HAVE a case.
Your car has been repossessed. They will take it and re-sell it. Your credit history is shot, and you will have a difficult time getting someone else to finance a car for you.
Except for those low end places that sell cars to people with no credit, and who fully expect to repossess and resell the same car 10 times over to people just like you....in fact they count on it! You give them a little bit of money to get the car, you make a payment or two and quit, they come get the car 4-5 months later, and re-sell it again and the whole cycle starts over again.
Jeez...................
2007-06-17 11:30:02 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Nobody towed your car. The owner just took it back, and you took a hit on your credit rating for not doing what you promised to do; i.e., buy the car.
2007-06-17 11:41:13 · answer #2 · answered by Anonymous · 1⤊ 0⤋
you will lose your car easily. here is an equation to show what you owe.
price of car when you bought it, minus the payments you have made, minus the money they get for the car in a auction or when it is sold, equals the amount you will owe
2007-06-17 11:41:59 · answer #3 · answered by Garth 1 · 0⤊ 0⤋
worst case, they will sell the car and you will be responsible for the difference between what they sold it for and what you owed. Also goes against your credit.
2007-06-17 11:35:59 · answer #4 · answered by randy 7 · 1⤊ 0⤋
http://www.ftc.gov/bcp/conline/pubs/autos/carrepo.shtm
That is info from the gov on repo
2007-06-17 11:36:46 · answer #5 · answered by Anonymous · 0⤊ 0⤋