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Repossession Stories and Questions

101 messages,  Last post on Nov 12, 2009 at 9:13 AM

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#69 of 101 Re: How do you find out how much the dealer sold a re-poed car for? [dtownfb] by jipster Jul 23, 2008 (6:05 pm)
Replying to: dtownfb (Jul 23, 2008 5:49 pm) No help here, other than it sounds like your friend is getting screwed.
#70 of 101 Re: How do you find out how much the dealer sold a re-poed car for? [dtownfb] by oldfarmer50 Jul 24, 2008 (2:36 am)
Replying to: dtownfb (Jul 23, 2008 5:49 pm) "...Chrysler is trying to get the full amount of the loan (26000)..."   Are you saying that your friend owed $26K, Chrysler took back the car, sold it for let's say, $16K and now still wants the full $26K? That doesn't sound legal.   Have your friend contact Chrysler and ask them to justify trying to make all the extra money. Eventually if they take him to court to recover any money they will have to provide figures of how much they sold the car for and why he still owes so much.   You say the car was re-po'ed two years ago, why haven't they taken him to court already? Replies to this message: dtownfb (Jul 25, 2008 9:59 am) wlbrown9 (Jul 25, 2008 11:35 am)
#71 of 101 Re: How do you find out how much the dealer sold a re-poed car for? [oldfarmer50] by dtownfb Jul 25, 2008 (9:59 am)
Replying to: oldfarmer50 (Jul 24, 2008 2:36 am) Thanks oldfarmer. I'm sketchy on the details and wondered the same thing about this not going to court already.   I will have him call Chrysler and ask what is the justification for them wanting the full $26k.   Thanks again. Replies to this message: wlbrown9 (Jul 25, 2008 11:35 am)
#72 of 101 Re: How do you find out how much the dealer sold a re-poed car for? [dtownfb] by wlbrown9 Jul 25, 2008 (11:35 am)
Replying to: dtownfb (Jul 25, 2008 9:59 am) Well, add the repo fees to the difference and if the loan is still 'active' then they may be charging healthy interest and even late fees on the balance. This could be the ugly side of compounding. Just a guess.
#73 of 101 taking back my truck by bulen Aug 10, 2008 (10:53 am)
Maybe someone can help me out with this? I sold a truck that they haven't made a payment on in over a month and I'd like to know how to get it back legally cause the truck is still completely in my name. Replies to this message: qbrozen (Aug 10, 2008 1:39 pm) tidester (Aug 10, 2008 2:33 pm) oldfarmer50 (Aug 10, 2008 3:13 pm) oldfarmer50 (Aug 16, 2008 3:24 pm)
#74 of 101 Re: taking back my truck [bulen] by qbrozen Aug 10, 2008 (1:39 pm)
Replying to: bulen (Aug 10, 2008 10:53 am) Need a helluva lot more info.   I assume this was your personal vehicle (ie, you are not a salesperson)? What do you mean you "sold it" and "they haven't made a payment"? If they haven't given you any money, then I don't think you technically sold it ... you lent it to them. Do you know the person? Was it someone you trusted? If you have no payment and the title is still in your name, then it is stolen and you could report it as such. Or you could just ask for it back.
#75 of 101 Re: taking back my truck [bulen] by tidester HOST Aug 10, 2008 (2:33 pm)
Replying to: bulen (Aug 10, 2008 10:53 am) When you "sold" the truck, did you have a written contract or was it just a handshake deal? You need to have established clear terms for default and if it's not in writing then you just made your life more complicated.   tidester, host SUVs and Smart Shopper
#76 of 101 Re: taking back my truck [bulen] by oldfarmer50 Aug 10, 2008 (3:13 pm)
Replying to: bulen (Aug 10, 2008 10:53 am) "...they haven't made a payment on in over a month..."   I'm assuming they made some payments and then stopped, right. If they took it without any money changing hands it is indeed theft, call the cops.   If they just stopped making payments you might try small claims court. Even if your proof is shaky the court may order the other party to return it.   You say the truck is still completely in your name. Are you paying for the insurance? Has the title been transferred to the new owner? You could be looking at a heap of trouble if the title has not been switched and there is no insurance.   What ever you do, don't sit on this. I hate to think some yahoo has an accident in "your" truck and the injured party comes looking for you. Replies to this message: oldfarmer50 (Aug 16, 2008 3:24 pm)
#77 of 101 Re: taking back my truck [oldfarmer50] by oldfarmer50 Aug 16, 2008 (3:24 pm)
Replying to: oldfarmer50 (Aug 10, 2008 3:13 pm) I wonder what happened with the truck since the OP never answered any of our questions.   Maybe he and his buddies did a "baseball bat repo" on the owner.

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