my car was repossessed but i got it back
That’s right! I was in college and my car was repossessed. I ended up getting it back because my insurance company refused to pay for a repossession.
So you had a car that was repossessed and you got it back. Who is to blame here? Well, your insurance company. But that’s not really an excuse. The bottom line is that what happens is you bought a car with a title that was in default (you paid for it, but it didn’t have a lien on it) and you paid $1,000 for a title that was in default.
Well, technically you are the person who drove it off the lot so technically you are the one that should have paid for it. But the bottom line is you should have paid for it because you are the one that owns it. I also understand that repossessing a car is a rather unusual thing to do. We’ve all done it at one time or another.
What can you do? There is a great deal of advice out there that suggests you can get your car back but not all of it is 100% accurate and it is worth researching in-depth before you do. A good place to start is the National Automobile Dealers Association. This is the organization that represents more than 2,000 car dealerships throughout the USA. They give you tips and advice that can help you better understand how to protect yourself.
I can’t really say I’ve done this too often and I’m sure not all of it is true. The best advice I’ve been given is still the one given by a former employer at my current job. I said that my car was repossessed, but I was told that the lender was going to pay it back. So I tried to call them, but I got disconnected with an automated message.
The worst part about repossessing your car is that the lender will not pay it back. They are usually banks, credit unions, or insurance companies, not a car dealership. You will have to pay some of the money back to the bank, and then you’ll have to start all over again. That’s not really cool. The best thing you can do is to get in touch with the lender and tell them that you no longer want the car and then ask them to keep it.
Sure, it sucks to have to pay for something you bought but at least you can always get it back. Car dealers have been known to repossess cars all over the country and not care. But if they are repossessing your car, it can be worth getting in touch with them.
We have a car dealership in our community called Carfax and our main office is in New York. We have a repossession and repossession firm in New York as well.
Some lenders will do this as long as the car is still in your name. Others will do it right away. But we have a car repossession firm in Florida that helps us with repossessions. It’s a good service that we recommend to all our customers.
We have another good service that we recommend as well. Its called CARFAX. They are not affiliated with the dealership. Rather, they are a third-party service that services auto clients with car repossessions. After the car is repossessed, they will send all the documents (the note from the dealership and the title) to a collection account that can take care of them.