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Smart Shopper Repossession Stories and Questions
101 messages, Last post on Nov 12, 2009 at 9:13 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: volvomax (Jan 23, 2008 7:25 am)
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Replying to: carbugs (Jan 25, 2008 9:43 pm) No different then renting vs buying a house. Is it ever possible to "rent" a car for a reasonable fee? I guess it would depend on how long you were renting it for
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Replying to: joel0622 (Jan 26, 2008 7:29 am) week from Payless !!!!!!!!!!!!!!!! Hey Joel that Fusion is a nice family sedan (Not as nice as my DTS tho) ! Why people pay MORE for a 4 cyl. camcord is beyond me ! A current year used Fusion/Impalas are a heck of a bargain!
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Replying to: otto8 (Jan 26, 2008 8:47 am)
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Replying to: carbugs (Jan 28, 2008 12:57 am) The same car in La. or NYC or Syracuse is prob. $50 a DAY! |
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I worked for a repo company for a month while I was bored and waiting for a new temp assignment to start. I went into work each day, parked my car behind their fence, picked up a Nextel and a beater Cavalier, and went to go find cars. I found some cars. Got some people to give theirs up. Located others but couldn't retrieve them. And then there were the two fun stories. We got a repo order for a Bentley Continental GT. Now the liability insurance only covers vehicles up to $80K, so this was way out of our range but we tried it anyway. Pulled up to the guy's house with 2 tow trucks and my Cavalier spotter car. He gave up a Bentley, but it was NOT the car we wanted. WE gave it back before leaving the neighborhood and the homeowner let us know where we could find the other Bentley. We go down to this other town and pick up the other Bentley. My boss hops in and starts driving it back to our shop. The guy's wife comes out screaming and hops in a Corvette to give chase. Six cop cars, a helicopter, many miles at 120mph+ later, we got the Bentley to our shop. It went to auction four days later. The guy's wife went to jail. Another cute story, one late night I'm checking a few extra addresses looking for some cars, and I spot one at the debtor's mother's house. '06 Grand Prix sitting at the top of a driveway, about four feet behind a Chrysler 300M. Our self-loading truck had JUST enough room to hook it up and chain it down. About the time we're attaching the safety straps, the car owners come out and hop in their cars. The debtor tried to drive the car off of the tow truck and succeeded in pulling the rear bumper of the Grand Prix clean off, but it was still attached to our truck. She kept saying, "you're not taking my car!!!", but we already had possession. She got out at one point to stand between her car and our truck so we couldn't drive away, sitting on the chain, pregnant and barefoot and all. So I sat down in the car and locked the doors. Keys in the ignition and as soon as she moved I was able to put it in neutral and ride down the driveway backwards. I lowered a window so the tow truck driver could tell me something and forgot to put the window back up. The lady reached in and unlocked the door, crawled in, scratched the heck out of my arm trying to get the key out of the ignition and put the car in park but I held the shifter in neutral and waited for the police while she scratched at my sleeve and screamed in my ear. The cops calmed her down, we let her grab a few things out of the car, and we went back to our shop with it. Her uncle and brother and mother and sister all standing there yelling at us. She said she had made an EFT payment for $500 so they'd take it out of repo status. They had taken it out for a few days but it was back in repo status as of that night because she did not make the second $500 payment she agreed to make after 7 days. As you may have guessed, that car went to auction as well. The bumper reattached with some careful bending of clips and a little rubber mallet. Looked like new when we hauled it to ADESA. One more before I go, I was assigned a VERY old address to check on a certain ES300 Lexus. This was given to the company before Thanksgiving. It was sitting right where the guy's apartment was in that complex he allegedly moved away from. His roommate had lied to one of our other employees and we thought to check it one last time. And there it was. We dragged it out, front tires screaming out of the parking garage. He didn't come out until after we took it to the street, turned around, and loaded it the other way. Tow truck pulling away, he comes and yells at me for not letting him get his wallet. Too bad.
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Replying to: occupant1 (Feb 20, 2008 8:14 pm) How does that work legally? You took his property. I suppose you could argue that he had a reasonable expectation that the car would be repossessed and had ample opportunity to remove it. But wouldn't you be obliged to return it to him on the spot since he asked for it to be returned? tidester, host SUVs and Smart Shopper |
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Replying to: occupant1 (Feb 20, 2008 8:14 pm) 
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Replying to: jipster (Feb 21, 2008 5:26 am) Thats exactly why you don't knock on the door and tell them what you are doing. Repo'ing cars is dangerous stuff and you want in and out with no confrontation. When your car gets to the repo lot they inventory everything in the car and give you notification that you have you have 30 days to pick it up. Its not like these jokers don't know they are in status. They receive phone calls and letters stating just that and have ample opportunities to make the account right. The last thing a bank wants to do is repo a car.
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Replying to: jipster (Feb 21, 2008 5:26 am) Really? When you are under no threat of bodily harm, you can take someone else's life for stealing? Not saying you are wrong.. but, that doesn't seem right... In Texas, maybe.. 
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