I'm so confused. My car was JUST repossessed and I'm not sure what my best options are right now. Tomorrow is Thanksgiving and I can't do anything until Friday. Great timing, huh? Anyway, my latest bill says I owe $1041.00 to get current; however I only OWE a total of $1600.00 to get my balance paid IN FULL. I have had this car since 2002. What are my best options right now, seeing as I have VERY LITTLE money to work with???
2007-11-21 15:26:01 · 24 answers · asked by Angie 2 in Cars & Transportation ➔ Buying & Selling
Bullshit. If my car was just repossessed 20 minutes ago, I'd be asking a lawyer the questions,not Yahoo Answers.
2007-11-21 15:28:49 · answer #1 · answered by Anonymous · 2⤊ 5⤋
I dont mean to sound like a prick or anything but the time to act was before the bank called the repo man... Obviously your not paying $1041 a month for a $16000 car... The bank has told you what was going to happen it happened...
Now the bank had to PAY someone to reposess your car, PAY someone to make a mountain of paper work to make it leagle so you prolly owe $500-$600 or $1000 more did you did in the 1st place... All the bank is concered about is getting the money and not having to take a loss on the car... They will sell it for as much as they can and bill you for the rest... if I were you I would either pay them off as soon as you can (your prolly not going to get the car back and your going to have a remaining debt"
Oh yeah to the person and said that repo men are "trying to get even" and want to "Teach people a lesson" Are you High? Theese people were hired by the bank... there not out there on some kind of a moral trip... there trying to get the car as fast as possable so they can go get the next one... its a business not a church...
2007-11-21 15:52:59 · answer #2 · answered by alwaysavailableanywhere 2 · 2⤊ 0⤋
If you only owe 1600 on that car, then it's imperative that you borrow the money and get the car back. Call the lender on friday and get the amount you need to get this car back, you will now have to pay late fees, the repo fee, storage fees, processing fees etc. but since you owe so little, it is a must to get it back.
Kind of like this: "mom, i need 2k, can you pass the mashed potatoes?"
Happy Thanksgiving--good luck.
2007-11-22 03:19:56 · answer #3 · answered by jay 7 · 0⤊ 0⤋
Even if they will work with you somehow,you will now owe the repo fee..Depending on where you live it could range 3-500 dollars...They will probably want that plus the delinquent amount in order to get the car back.
All of these suggesting you call a lawyer are not giving good advice..All a lawyer can do for you now is pay your bill..The leinholder owns the car until you pay it off.
2007-11-21 20:18:13 · answer #4 · answered by Harley-HST 4 · 0⤊ 0⤋
Could you possibly borrow the $1041 to get current and get your car back? Maybe a friend or relative would loan you the money. If you've been dealing with a finance company, the best option is to make arrangements with them to lower the payment. It's better to make a smaller payment than to lose the car. Of course, by doing this, you extend the loan and also pay more interest, but it might be easier on your budget. Most companies are willing to work with people, but you have to approach them instead of defaulting on the payment. Banks are generally more yielding than finance or loan companies, but if you make an honest effort to pay on schedule, you can get your car back, eventually pay it off, and promise yourself that you will never again get so deeply in debt that you can't make your payments.
2007-11-21 15:36:04 · answer #5 · answered by gldjns 7 · 2⤊ 0⤋
I guess you can sit there and wait for someone to rescue you or you can just learn a lesson from this. Pay your bills. You gave your word that you would and your lender said what they would do if you broke your word. So it is no surprise that your car is gone, its what you agreed to. You have the right to get your personal possesions back from the repo company so call your finance company and ask where you can pick your stuff up. Or you could pay them the money. Most states have laws that state that you have so many business days to pay up to get your car back. Thanksgiving weekend does not count. Good luck!
2007-11-21 15:38:55 · answer #6 · answered by The Mechanic 3 · 1⤊ 1⤋
it has happened to more people than you think so do not feel bad...i once called to let them (finance people) know i had started a new job and will be bringing my account current and they said fine and took all my information, new job, new address and said they would give me more time to get current , instead right after I hung up the phone they went to my place of business and repoed the vehicle about 30 minutes after we spoke on the phone, i did not even know they did this until I wanted to go to lunch....do not trust anyone but your mother...you would think a place of business would honor their word but instead they use this and any thing else to hurt you...they are the criminals with business license to lie and steal. and for the people out there who think it is cool to ridicule you...get a life man or do something else with your time and get your fat a** out of that chair and for once in your life help someone morons! happy thanksgiving!!
2007-11-22 04:37:13 · answer #7 · answered by ssafetyman 1 · 1⤊ 0⤋
My car was just repossessed and I have everything I owned in it, I was moving from out of state , got home late last night and was to tired to empty it, when I woke up, it was still outside. So it was repo just now. How do I find it and get my stuff out of car. ? please someone any suggestions ?
2015-10-28 10:01:36 · answer #8 · answered by daisiyd21 1 · 0⤊ 0⤋
Not much you can do until Friday. If I were you, I would look into some type of short term loan. Ask your family. If all else fails, payday loans. You need your car, but they aren't going to just give it back to you. Just worry about getting current right now.
2007-11-21 15:33:33 · answer #9 · answered by Anonymous · 2⤊ 0⤋
Give a call to the bank and explain the situation. Give them
a post dated cheque if that can solve the problem. Have you
defaulted in recent past? If not they do not have a right to reposses. Talk to somebody senior.
Hope this will solve your problem. I am really sorry to hear
that you lost your car when you really needed it.
Javed Kaleem
2007-11-21 16:04:57 · answer #10 · answered by Anonymous · 0⤊ 0⤋
Cancel your auto insurance, and buy a bus pass. Do something different. You acknowledge that you have fallen behind on your payments. Rebuilding will require a change. The path that led you here isn't going to get you back out. Best wishes.
2007-11-21 15:33:29 · answer #11 · answered by sembula 1 · 2⤊ 0⤋