Car repo ??'s

lx mike · 03-20-2001, 08:51 PM

has anyone had a vehicle repossed by the bank or credit company where they owed the money?? what happens afterwards? what about voluntary repo'ing?? the reason i am asking is that i am haveing a hard time selling my truck. i am paying for something i don't use hardly at all since i got my stang. between the payment and insureance it is around $300 a month that i could use for mod and other things. anyone wana buy a truck? 99 ford ranger

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93-LX: 5 Speed, Flow's with H-Pipe, 3.73's Sub's and K&N.

Maroon 5.0 LX · 03-20-2001, 09:19 PM

You don't want it repoed... it will mess up your credit rating for years to come. If you're behind on your payments, go talk to the bank or whoever, and ask their advice. If you are making your payments, try to sell it.

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'89LX5.0 - Original Owner
'94 E-150 Conversion Van

Kevin Price · 03-20-2001, 09:30 PM

Yes, if you are having troubles go talk to your bank. I work with bankers on a daily basis and trust me, they think much more of you and they will be willing to help you out.

Don't just try and brush it under the table.

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SVO siamesed 351 stroked to 417ci,Yates heads, solid roller,Trans King glide and a little blue bottle
of giggle gas. My Car

Mustangbelle306 · 03-20-2001, 09:36 PM

I used to work at a Ford dealership for several years, and I've seen several voluntary repos. In fact, a couple of the folks made money!!!!! The vehicles went to auction, and any money made over what they owed was returned to them! Nuts, huh? I say talk to the bank (the loans were through Ford Credit) and see what they can do!

Good Luck

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Elisha (Mustang Chick Extraordinaire)
1994 GT/Saleen: Cartech intake,4.10s, full exhaust, pulleys, Compucar nitrous kit 125 shot
Sold the 1986 LX sedan

http://www.geocities.com/mustangbelle_306
AOL name: GT306Chick

03-20-2001, 08:51 PM	#1
lx mike Undescribable Join Date: Sep 1998 Location: Ft Myers Fla Posts: 1,539	Car repo ??'s has anyone had a vehicle repossed by the bank or credit company where they owed the money?? what happens afterwards? what about voluntary repo'ing?? the reason i am asking is that i am haveing a hard time selling my truck. i am paying for something i don't use hardly at all since i got my stang. between the payment and insureance it is around $300 a month that i could use for mod and other things. anyone wana buy a truck? 99 ford ranger ------------------ 93-LX: 5 Speed, Flow's with H-Pipe, 3.73's Sub's and K&N.

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03-20-2001, 09:19 PM	#2
Maroon 5.0 LX Registered Member Join Date: Mar 2001 Location: Southern Maryland Posts: 471	You don't want it repoed... it will mess up your credit rating for years to come. If you're behind on your payments, go talk to the bank or whoever, and ask their advice. If you are making your payments, try to sell it. ------------------ '89LX5.0 - Original Owner '94 E-150 Conversion Van

03-20-2001, 09:30 PM	#3
Kevin Price Registered Member Join Date: Jan 1999 Location: Oxford, KS Posts: 935	Yes, if you are having troubles go talk to your bank. I work with bankers on a daily basis and trust me, they think much more of you and they will be willing to help you out. Don't just try and brush it under the table. ------------------ SVO siamesed 351 stroked to 417ci,Yates heads, solid roller,Trans King glide and a little blue bottle of giggle gas. My Car

03-20-2001, 09:36 PM	#4
Mustangbelle306 Yay for Chickys Join Date: Feb 2001 Posts: 1,532	I used to work at a Ford dealership for several years, and I've seen several voluntary repos. In fact, a couple of the folks made money!!!!! The vehicles went to auction, and any money made over what they owed was returned to them! Nuts, huh? I say talk to the bank (the loans were through Ford Credit) and see what they can do! Good Luck ------------------ Elisha (Mustang Chick Extraordinaire) 1994 GT/Saleen: Cartech intake,4.10s, full exhaust, pulleys, Compucar nitrous kit 125 shot Sold the 1986 LX sedan http://www.geocities.com/mustangbelle_306 AOL name: GT306Chick