How hard is it to get your car back? The bank is telling me to do this, and that, and we can go from there. But they wont guarantee that if I pay the repo fee, and get my loan up to date, that Ill get the car back.

Haven't had anything repo'd, but I used to work for a bank and am familiar with the process. I wouldn't pay them a thing unless you get it in writing that you'll get the vehicle back once everything is brought current. What have they told you exactly? Is there a date that the vehicle is scheduled to be auctioned?

dont let em repo it in the first place. Park that thing in the garage. Remove the plates. Or...Pay the fucking bill.

i have had one repo'd. I had to pay off the loan....then pay off the storage and whatever fee.....which took a little while so that fee got insanely high, but after i did all that i got the title and car back. Should have just let em have it.

I had a chevy s-10. I told them to come and get it. they did, they sold it at blue book value for 4,000.oo . I still owed 7,000.00 and now I have to pay them the difference. and I don't get the truck.

Don't let them auction it. They'll sell it or whatever and stick you with the rest, at that point you'll owe almost as much as you owe now but not have the vehicle.

In my state, you need full coverage on a car if there is a loan on it. If you wanted to get from under the loan... you should have crashed that thing, and totaled it out.

normal insurance only pays market value for a vehicle. You would still owe the difference between your balance and blue book value.

Gap insurance is the coverage that pays any difference in the loan balance and vehicle value- but you only automatically get this if you lease a car.

sigh...people lending money to people who don't have any. That's smart business.

Ask 25 cent.

sigh...people lending money to people who don't have any. That's smart business.

muhahahaha

In my state, you need full coverage on a car if there is a loan on it. If you wanted to get from under the loan... you should have crashed that thing, and totaled it out. Leave it in the hood with a c note on the seat they'll know what to do

Yes,I just got my 2002 Chevy s-10 back from a repo
It was a Fucking NIGHTMARE.
Wells Fargo is my lender,and they are HARD to work with.

At the end of the day..I had to pay:
the past due ammount..about 1,500
the Repo fee..400
storage fee about 200 total (there is a per day fee x 2 weeks or so)
New license plate(mine VANISHED) 20

All of the money to wells fargo had to be western unioned...that was about 13 dollars
I had to have a money order for the storage facility..a buck

And the biggest kick in the nuts was that it was transported from Clearwater to Orlando...so I had to drive almost 4 hours round trip to go pick it up.

Wells Fargo did verbally promice me that if I went through the process I'd get it back.
This included,proof of insurance...3 references with addresses,phone numbers and time known.I had to provide job phone numbers and addresses for both myself and my wife,and exlplain to the less than patient operator why Im such piece of shit.

It was my own fuck up...I took it like a man and did my best to comply.Borrowed money from family and friends to get it back.
After all of the bullshit..I have a truck with 106,000 miles on it that I owe 14,000 on still.

I will NEVER NEVER NEVER finance another vehicle....its a Horrible deal for the consumer.

During all of the BS I did quite a bit of shopping for used vehicles under $2,000...there are a lot of nice vehicles out there....but as earlier posters noted.....you still owe the difference between the auction price and the ammount owed on the loan.....I didnt want to deal with being sued and prolonging the mysery...so I got it back,cancled my cable & internet (bad timing with olympics and football season starting)..and got more hours at work.....cut costs and get the fucker paid off....your life will be much better afterward.

I work for a bank and some of what I do is repo's. We don't get that many repo's,but there is a very standard set of rules banks have to follow.(at least in NYS).
There is standard time period you usually have to bring the loan current (2 weeks usually) and pay off the repo expenses, before they can auction it. They can't see it outright, they have to have an auction to the highest bidder. However the bank can reserve the right to refuse bids and then sell the vehicle outright. After which they can sue you for any outstanding balance from the sale price,to what you owe them.
The Bank can call the loan due at any time, so thats where they say they can't guarantee you will get the vehicle back.
However depending on your payment history, the bank almost always wants your to bring the vehicle current and pay the fees.
Banks are not in the used car business and they almost always take a loss during a repo situation.
Just make an attempt to make payments (even partial). You usually have to go at least 3 months in the rear and make no attempt to contact or pay before a bank will start the repo process.

I work for a bank and some of what I do is repo's. We don't get that many repo's,but there is a very standard set of rules banks have to follow.(at least in NYS).
There is standard time period you usually have to bring the loan current (2 weeks usually) and pay off the repo expenses, before they can auction it. They can't see it outright, they have to have an auction to the highest bidder. However the bank can reserve the right to refuse bids and then sell the vehicle outright. After which they can sue you for any outstanding balance from the sale price,to what you owe them.
The Bank can call the loan due at any time, so thats where they say they can't guarantee you will get the vehicle back.
However depending on your payment history, the bank almost always wants your to bring the vehicle current and pay the fees.
Banks are not in the used car business and they almost always take a loss during a repo situation.
Just make an attempt to make payments (even partial). You usually have to go at least 3 months in the rear and make no attempt to contact or pay before a bank will start the repo process.
I agree with a lot of your points, but when you say "in the rear", I question your competence.
That's the problem with calling all these call centers. They hire incompetent Gebrones like you to answer the phone. You have no knowledge of what you are supposed to be doing. We call peices of shit like you to solve our problems and the best customer service agent they can provide is someone that doesn't know the difference between "in the rear" and "in arrears".
I hope you ride the subway and really get it "in the rear".

"Gebrones" :rolleyes:

Ive Repo'd hundreds of cars. Just make your payments.. Screw getting a bank loan, my vehicle was paid for in cash off of the stupidity and misery of retards.

Yank.
http://a408.ac-images.myspacecdn.com/images01/126/l_0845c89b193fd37d877260970c1e9b37.jpg

No, I'm white.

Credit is like crack for people in this country. Why is it more important to have a new car than to have your sanity? Someone here owes $12,000 for a pickup with over 100.ooo miles? Why do people finance cars to begin with? Ever heard of working, saving, and paying cash? Why the hell do you want to cost yourself all the interest payments on top of the price of a new car (or boat, or refridgerator)? If you don't have the money, you can't afford it! Get a $1500 POS off craigslist and save the $500 per month for 3 years, then you can buy an $18,000 car outright and owe the banks NOTHING! Or, you can pay $500 per month on the same $18,000 car for 5 years (yep - two years of your sweat to the bank). Your choice.

what was the reason it was repo'd in the first place? was it ordered through the bank or where you executed the loan for the auto? that is who you need to speak with, the agency that executed the repo has the determination on how and when you get it back. find out all that you can before you shell out your hard earned money. you need to take a look at how much they want to get it back and how much is owned. is it worth it to you to pay all the late fees and extra charges ? ya kinda dont wanna shell out a lot of money when it isnt even worth it. sometimes it is less costly to just let them have it but then ya have it on your credit report. just check everything out first.

How hard is it to get your car back? The bank is telling me to do this, and that, and we can go from there. But they wont guarantee that if I pay the repo fee, and get my loan up to date, that Ill get the car back.


If its the first repo they HAVE to give it back to you if you pay the past due payments & repo fee......If its the second time, its their option as what to do with it...they can sell, regardless....I've been in the finance industry for 17 years .....I've dealt with this kind of shit a million times

Credit is like crack for people in this country. Why is it more important to have a new car than to have your sanity? Someone here owes $12,000 for a pickup with over 100.ooo miles? Why do people finance cars to begin with? Ever heard of working, saving, and paying cash? Why the hell do you want to cost yourself all the interest payments on top of the price of a new car (or boat, or refridgerator)? If you don't have the money, you can't afford it! Get a $1500 POS off craigslist and save the $500 per month for 3 years, then you can buy an $18,000 car outright and owe the banks NOTHING! Or, you can pay $500 per month on the same $18,000 car for 5 years (yep - two years of your sweat to the bank). Your choice.

get off your high horse.....I guarantee you've financed more than a couple of cars in your life......if your car blows up and you dont have $30k in the bank to buy another, what would you expect people to do?

Leave it in the responsible hands of an ex, then swim for shore. ;)

How many payments did you miss ?

How hard is it to get your car back? The bank is telling me to do this, and that, and we can go from there. But they wont guarantee that if I pay the repo fee, and get my loan up to date, that Ill get the car back.
Then don't do it. Screw them.

You don't need to finance a car. Just steal it like the rest of us do.

get off your high horse.....I guarantee you've financed more than a couple of cars in your life......if your car blows up and you dont have $30k in the bank to buy another, what would you expect people to do?

Sorry friend, I never have financed a car. There was quite a while I drove $1500 POS cars and was well aquainted with my wrenches and Chilton manual, but I never had to worry about someone hooking up my car and dragging it away because it was actually mine. And, the money I saved by not believing that a mode of transportation defined who I was was put to far better uses than just transporting my big furry butt to and from.

:dbz:

i am not that stupid

Wells Fargo is my lender,and they are HARD to work with.


I've had three loans for cars with Wells Fargo. Your credit must be jacked, thus any lender will rape you. Keep your CS above 700, you won't have any problems, and banks will be begging you to borrow from them. Wells Fargo got my last car two years ago at 5.8% interest on the bitch for 48 months. I put 15% down, and pay less than 200 a month for my car.

PAY YOUR MONTHLY PAYMENTS, your car wont get repo'ed.

Wells Fargo also has Deferred payments options. I was out of work for surgery, and they pushed back my account two months while I was out of work. Wells Fargo is a great company to get a loan from. If you explain your situation and your account is in good standings, they will work with you.

Banks can't make all that money on interest if they repo the car.

"Gebrones" :rolleyes:

dude, it's jabrones :o or jabroni

My buddy Matt was a repo. He once had to repo his dad's car once. He said that he didn't mind, because he didn't like his dad anyway.

Dude, PAY YOUR BILLS. The stock market and the morgage companys are imploding because of people like you. Me, credit rating on all three 750+. Hahahahah. YOU LOSERS!

Adendment: Losers, unless you've lost your job. That's not your fault. Sorry to you guys.

duh

duh Classic post of all time! Thanks for the imput, dude.

Classic post of all time! Thanks for the imput, dude.
Its input, not imput! Right click and spell check, before you put people down and brag about your credit rating.

I used to be an auto bill collector. It is not easy getting them back man. I am assuming that you are at least 3 or 4 months behind if they come get it so they will want that plus towing and the calls will probably start when you are 5 days past due. I felt bad for a lot of folks I had to call. It sucked. Good luck man.

anytime

Did you get your car payed for yet you useless piece of shit?

sigh...people lending money to people who don't have any. That's smart business.


More like people borrowing money who don't have any to buy the truck (the dealer) to turn around and sell the truck to someone who doesn't have any money and has to borrow and then defaults on the loan getting the truck repo'd and then sold at auction to someone who had to borrow the money to finance it. The repo dude is the only one with any money these days.

He was just trying to give some helpful and free advice. Settle down darkside.