I cant pay my car. Whats the bad about a REPO

Posts: 1
Credits: 156.6
[Donate]

I have 5 months left on my car lease, I cannot afford the payment anymore due to the drastic change in the real estate market. I want to turn in the car back to the finance company early. I am not sure how this works or what are the consequences. I imagine this is a REPO. What is my best option or best advise for me to return the car 5 months early. I will owe the finance company about 3,500 for my payment. Can you guys help with a little advise?


Unregistered

Sub: #1 how you pull that off??
Mon, 02/28/2011 - 07:03



how you pull that off??


Unregistered

Sub: #2 my car was repoeds over a year and a half ago. i still owed 13 t
Tue, 07/27/2010 - 01:29



my car was repoeds over a year and a half ago. i still owed 13 thousand. now the creditors are calling me telling me i can buy it back for 2 thousand and get the title. is this true. they say they just want it off the books.


Unregistered

Sub: #3 well if you didnt get to deep into borrowing money and you wont
Fri, 03/26/2010 - 18:09



well if you didnt get to deep into borrowing money and you wont have a problem


Unregistered

Sub: #4 I have a situation my sister's car is about to be repo the probl
Fri, 09/11/2009 - 13:12



I have a situation my sister's car is about to be repo the problem is that both our names are on this car my car is up to date on payments. Different finance companies. Do you think that my finance might allow me to add that car to my loan


Unregistered

Sub: #5 gmc smart buy lease
Fri, 05/15/2009 - 10:41



tried to reason with the company,they had no options for me in 2007 the suv was voluntary repo. now they are taking me to court for 20,000 any suggestions out there.


Unregistered

Sub: #6 2 months also behind on my gm car lease, had alot of medical iss
Fri, 02/06/2009 - 20:50



2 months also behind on my gm car lease, had alot of medical issues last year that put behind. I was told as long as you never fall behind 3 they can't repo your vehicle??? I have called them and explain my situation to them and they seem to understand but they still call work, my cell and the house phone every night asking when i can catch up my behind payments. It gets so frustrating they know you are having trouble but then the y still want your behind payments caught up over night.


Unregistered

Sub: #7 car
Sun, 10/12/2008 - 15:14



i have a car on finance had it just over a year now and i have i can not afford to make payment this month whats the best thing to do will they repo it str8 away please help email at [email]dani_mc@live.co.uk[/email] thanks


Unregistered

Sub: #8 2 months behind on gm car lease
Wed, 10/01/2008 - 07:38



2 months behind on gm car lease but Iam still making payments, I keep getting calls from gm collections, and already did a 1 month added on to my lease


girlndebt
Posts: 151
Credits: 5773.15

Sub: #9 I responded to this question back in February and here I am in t
Tue, 09/23/2008 - 16:15



I responded to this question back in February and here I am in the same situation as back then....ARGGGHHH ! Well my husband didn't get the paper route. In freakin-credible that times are that tough that there are no paper routes or pizza delivery positions available. We are not giving up though. :x

CALL THE LENDER. Right now they are swamped with delinquencies and repo's that they don't want the car back just like banks really don't want anymore houses back! Not to say they wont take it but I just went through this mess with my lease after being 3 months late. See what they can offer you before you tell them to come take it or before it is repo'd.

http://www.girlndebt.com


Unregistered

Sub: #10 auto repo
Tue, 09/23/2008 - 13:03



hello, i'm thinking of voluntary giving my car back to the bank. i have negative equity and can't make payments. is it possible to negotiate the difference after the car is auctioned


Add new comment

CAPTCHA
This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Share post

Page loaded in 1.217 seconds.