my car was reposessed recently and i was told i had 10 days to pay
2007-08-11 00:57:31 · 9 answers · asked by russellbrack 1 in Cars & Transportation ➔ Buying & Selling
STUPID QUESTION 10 DAYS IS THE ANSWER
2007-08-11 01:14:11 · answer #1 · answered by Anonymous · 1⤊ 0⤋
All insurance companies have approved body repairers, these companies are professional companies who work to the highest standards. As a result they are very expensive, there comes a point when it cost's more to repair the car then replacing it. You unfortunately cannot force the insurance company to repair the car, however you can ask them if you could purchase the car back of them. The car will be classified as an insurance right off and as such when it is repaired you will not be able to insure it to the full replacement book value. However if you are good with your hands and are prepared to do the repair yourself it can make good since to do the repair work yourself. It is also advisable to book the car in for a full engineers report on the repairs as this can be sent to the insurance company to improve the book value of the car. Ja.
2016-05-19 21:16:11 · answer #2 · answered by ? 3 · 0⤊ 0⤋
After the 10 day period, the car will then be sold at auction. Then the finance company will add to your bill the cost of the repo and the cost to auction it off. Then if the price of the car doesn't cover the cost of what you owe, then they will come after you for the rest of the money. Sorry
2007-08-11 01:21:07 · answer #3 · answered by Fordman 7 · 0⤊ 0⤋
my car was reposessed recently and i was told i had 10 days to pay
2007-08-11 01:05:07 · answer #4 · answered by sameer khan 1 · 0⤊ 0⤋
You pay in that time frame or the repo company will auction it off and then sue you for the remaining balance of your contract. This will mean garnishment,etc , depending on the laws in your state.
2007-08-11 01:08:35 · answer #5 · answered by johnny b good 4 · 0⤊ 0⤋
You have 10 days to pay the outstanding balance or it's gone for good.
2007-08-11 01:03:09 · answer #6 · answered by Bostonian In MO 7 · 0⤊ 0⤋
That means in Ten Days ownership reverts back to the lender if you haven't paid by then.
2007-08-11 01:06:01 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Hi.
I would love to answer this but I feel searching the internet is probably the best soloution for you right now. All the best with your searching....
2007-08-11 01:02:40 · answer #8 · answered by Lycra L 4 · 0⤊ 0⤋
CONTACT FINANCE COMPANY
2007-08-11 01:07:23 · answer #9 · answered by BENTLEY BOY 3 · 0⤊ 0⤋