I recently had my car repo’ed.?
So I recently had my car repo’ed because the lady I had talked to on the phone about my car straight up lied to me. I was behind a payment on my car loan ($214), and it was getting really hard to pay because I had to pay bi-weekly and I was really ripped off becuse I was paying $365 a month for a 2003 Dodge Neon. Anyways, she said that when a loan is 28 days late, then they come to repo the car. And I basically asked her what it would take to not repo it. This was last Tuesday when I had talked to her. I owed $214 plus another 182 to bring me current. I asked her if I made my car payment (182) plus $100 on the 3rd if they would not repo it and then I would just pay the remaining $100 or so the following week. She said if I paid $182 plus $114, then they would more than likely accept that. So I said, okay. So I figured everything would be fine and dandy. I got a letter on Saturday stating that if I didn’t bring my account current they would terminate my loan, sue me or a combination. I figured it was just a standard letter since I had spoke to her the same day the letter was printed off.
Well, I leave to go pay my car payment on Tuesday and my car is gone! She straight up lied to me! So I go in there and talk to her about it and she said that she told me that I had to bring my account current before the 31st because they couldn’t allow a deliquent account to carry over into the next month. Which, my step dad was sitting RIGHT there when I asked her, because he told me to ask her if they’d accept $100 on top of my regular car payment. She wouldn’t even accept the payment I was going to bring her. She said I would have to pay $396.50 plus the $100 repo fee. And if I don’t pay that in 10 days, then they sell my car to an auction and if the price sold at the auction doesn’t cover the amount of my loan (6600), they’re going to sue me for the rest (yeah, good luck with that. I’m a recent college grad. I don’t have ANYTHING. That car was my only posession).
Anyways, I desperately need a car. My credit isn’t absolutely horrendous. What are the chances of me being able to go to another buy here/pay here place, explain to them my situation and try to get another car that is cheap? I just need a car to get me around. I mean, I held up my end up the bargain, Auto Credit USA did not do the same. Its not like I was refusing to give them money. I tried to go in there and pay them, and she said it was out of her hands now.
There’s still a small chance my dad might be able to come through and help me get my car out of repo so I can at least have a car to use as a trade in and get a different car and get out of that loan. I don’t want to be a customer of a company that’s going to lie to me.
I was going to be in management when I bought the car, plus I had no credit at the time and didn’t have a co-signer, so I kind of had no choice in the matter.
Also, I couldn’t pay the bill because I was going to school full time and was only working part time and then my hours at work got cut from 35 to 10. Shit happens. Life happens. The economy is in the shitter right now. I didnt pay it because I didn’t want to. There was nothing I could do. My hands were tied. My parents were paying my car for me and they could only do so much.
When I say I held up my end of the bargain.. I mean that me and the lady agreed that I would pay 182 plus 114 on the 3rd and she said that was fine. But she totally went against her word.
Hahahahahahahahahahahahahahahahahaha
It won’t go on your credit report for like 30 days so go now if you are trying to buy another car!
Ha… if your credit wasn’t absolutely horrendous before, it is now! Should have paid the bill. You don’t own the car, the bank or whoever loaned you the money does. If $365 is a ripoff for a crapbox Neon, you shouldn’t have agreed to it.
I would try and get the car out of the repo, because like she said if they sell it for less you are liable for the balance. If you don’t pay the balance it will be hard for you to get another loan. It will go against your credit. Hopefully your Dad can help you out.
You should be able to get another car from a different place just fine.
If you do get your car back, and you end up trading it in before you loan in paid off, BE CAREFUL, make sure your dad is with you and you understand all the paperwork, because I tried that with my Jeep, Had about 9 more months left on my current loan, and I went to a place that will pay your existing loan off, and give you a trade in value, Well all they did was give my like $3500 for my Jeep, tacked that onto a newly drawn up lease, to make my total $9900, and gave me a credit for $36.00. So basicly I was only getting 36 dollars on a trade in and they tacked the amount they paid on my Jeep onto the car I was looking at buying. I still have my Jeep to this day.
So be very careful when dealing with Buy Here/ Pay Here.
basicly you were ripped off from the get go when you brought the car, and they were bating you in for the kill when you got so far down the line and started making payments and they saw most of their money you paid them they started plotting on getting more by not letting you make the paymant and then repoing the car , then selling it at the auction and then getting you some more for what the auction didnt pay which means they will be done made tripple the amount of the car worth, and look at this, they run and own the auction their telling you about. they get you one way or the other, coming or going, and thatas real low to be taking advantage of peple at a time like this, but I’m sorry for you, I’m almost in the simular situation.
“I mean, I held up my end up the bargain” You did not hold up your end if you defaulted on a payment. A late payment or non payment is not holding up your end. Let them keep your car and auction it off. Chances are you will default again before the car is payed off and have to deal with the liars again and chance them repossessing the vehicle again. It sounds like they are a shady dealer. It will take a long while for them to get a judgment against you for the remaining balance so try to get another car from a better place.
The best thing to do is go ahead and pay the $396 and $100 to get the car back and get current, then continue to make your payments ON TIME. You got screwed on the whole deal, but you made your bed, you need to deal with it. $100 isn’t the end of the world to get out of this situation, you’re going to get screwed out of a lot more than that in your life, especially when dealing with your current and future cars (just wait until you need some major repairs. $100 will be a drop in the bucket).
Don’t just let it go. You’re way to young to be ruining your credit on principle. Pay your bills, finish school, then go get a good job with that degree you’re working on. Don’t put yourself in a back situation before your life even gets going.