nite_angelica
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I've never heard of anyone getting their car back once it's been repossessed - even if they do have the money to catch up on the payments. But I live in TX and I guess it could be different there.
Call whoever you were dealing with before they repossessed the car, because I'm sure you had someone that was working with you. If they haven't already auctioned off the vehicle, then there may be some chance, but I wouldn't count on it. |
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Sunny9469
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Try calling them and tell them that you now have the money to pay for the car. They may want an additional security deposit but they might be willing to work with you.
Give it a shot, you can't lose. |
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SICARIUS
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Call the lender. They will work with you, it costs them money to have a default loan. |
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h_carlin
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when they take your car, you usually are already behind...so now they want that money up front along with them towing it or repo money..and then the next payment up front as well...
Good luck...
Had that done to me, 10 years ago, Nissan came after 1 month of no payment, and landed up doing it to many people. And a class action lawsuit came up, and guess what we all won, I had gotten back all my money I put into the car, and it was a new car as well..So I got back money enough to pay off house and get another car...so thanks NISSAN:) |
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IT'S ME
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In MA. you can contact the leinholder for a payoff amount (sometimes if you've been in good standings they'll let you pay the past due amount). Pay what is needed and then they'll let you know the impound company used to get your car back. There will be tow and storage fees to them so be prepared. The tow company will most likely need written proof from the leinholder that the debt has been paid before they release the vehicle. |
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hooterville
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You can call them but they have probably already sold it . so you are more upside down than you were before. You probably owe money on the loan even though you don't have the car. |
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sfuller94
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The reason that the finance company (bank or other) repossesed the vehicle is that you have gone beyond the limits of what they will call "Good Faith". The automobile is used as collateral to secure the loan. When the bank feels that you are no longer acting in Good Faith, they have the legal right to end the terms of the loan, reposses the collateral and see what they can salvage from the sitatuion.
Now that they have put the wheels in motion your chances, I"m sorry to say, of getting your car back are slim to none. The only way possible is if you can pay the loan in full. I'm willing to bet that inside of 5 business days the vehicle will be on the auction block.
After the automobile is auctioned off, you will be responsible for the outstanding balance on the loan. The lender will then turn your account over to collections and these guys will begin to hound you. I suggest that instead of working to get your car back you go purchase a book by Benjamin Dover called "Back Off". It will help you understand your rights under the Fair Debt Collection Act. Bascially this is an outline of what the collection agencies can and can not do. I've listed the link below.
Of course, you can always find out where the car is to be auctioned. If you have a dealers license then you can bid on the car. But, they auction house is going to want cash for whatever you buy.
Good Luck!! |
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eauclaire101
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Gas costs too much anyway. The weather is nice enough, maybe you can consider riding bicycle more. If you want to try to get a lower interest loan, check my profile. |
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Dr. Deth
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they may have already shipped it out to auction - if they did - you will get bill for whatever amount they couldn't recoup, plus a bunch of other fees - I wound up owing 22k on a year old car I bought new for 20k that I had to voluntarily give it up for repo (divorce, then lost job). they only got 5k for at auction, then they added 1,000's of other fees on - led me to bankruptcy eventually |
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Hose Nose
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You may have to pay balance due plus repo fees or past due amount plus repo fees |
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E-Rock
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I am not sure what the specific laws are in CA, but here in IL, you can contact your lender and get caught back up if they did not auction it off. Expect late fees and repo fees on top of what you owe. |
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Renita M
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They usually give you the amount you need to pay to catch things up including the repo fees involved and a date in which they have to have the money by. If you cannot get the money together to get it caught up its time to start over with a new one. Make sure if they give you the chance that you stay on schedule or they will take it again very quickly and not give any more chances. Call them and see what you can work out before they auction it off. |
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brians girl
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call your finance company, say what you just said, if they sent it to legal you might have to go through the courts system. dont be nervous, in the end all they want is their money. the longer you take the worse it is... good luck |
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♥Šωèé†Ãé♥
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.
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Ask them!
(\__/)
(='.'=)
(")-(")
Sweetie |
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stncoldin4u2002
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dont get behind on your payments so you can keep your car! yes once you get caught up! |
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grtfulhdgirl
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Call your lender and explain the situation--Although you must have been pretty far behind to have your car taken. You should be able to get your car back but the amount you will have to pay may include some of their fees and they will want to know if you have a job. If you have a job I don't see why they won't give the car back. Good luck. |
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