How does repo work? How can they just take your ****

[nicole89]

What do you expect? The car belongs to the white folks until you pay it off. Let the white folks get their car back and move on. Now you got to go to a buy here, pay here dealership for a old car with 100,000 miles on it making the same amount of payments. Which bank wants to be bothered with you after this?

 

[King Poetic]

if u missed 3 months of payments they can repo your car..

However they can't take your car from your driveway if u have a gate or it's in your garage.

also if u go to the store leave your pet in your car. they can't take it then either.

but the rules are different in each area tho.

 

[Poh SIti Dawn]

He tried to scam them. I doubt it will work.

He only put 1,000 down on the car, then hid it in a storage garage his girlfriend rented.

shyt been sittin for 17 yrs.

But damn, a 96 ss Impala with only 400 miles on it.....

That fool think that just cuz 17 yrs have passed, they will forget all about it.

Let that nikka try and get tags for in and see what happens

I'm confused, paying for a storage unit for 17 years, couldn't he have just saved the money that he used to pay for the storage unit + $1000 down pay that he spent and just bought a new one without having to go through insurance fraud and such?

 

[nicole89]

I'm confused, paying for a storage unit for 17 years, couldn't he have just saved the money that he used to pay for the storage unit + $1000 down pay that he spent and just bought a new one without having to go through insurance fraud and such?

Because he is dumb. Plain and simple.

 

[Buckeye Fever]

I'm confused, paying for a storage unit for 17 years, couldn't he have just saved the money that he used to pay for the storage unit + $1000 down pay that he spent and just bought a new one without having to go through insurance fraud and such?

She paid the storage

 

[Mac]

Until you pay off the loan, they own it. So they aren't taking your car, they are simply taking their car.


There was a lady at my job, who got her car repossessed at work... nobody wanted to give her a ride home either. She lived far as hell and she was a bieh....

 

[kermit da hustla]

How is that legal :jada:


Dats my shyt :jada:

 

[flusterose]

Until you pay off the loan, they own it. So they aren't taking your car, they are simply taking their car.


There was a lady at my job, who got her car repossessed at work... nobody wanted to give her a ride home either. She lived far as hell and she was a bieh....

how did she get home?

 

[MR. SNIFLES]

if u missed 3 months of payments they can repo your car..

However they can't take your car from your driveway if u have a gate or it's in your garage.

also if u go to the store leave your pet in your car. they can't take it then either.

but the rules are different in each area tho.

YEAH THEY CAN. THEY JUST HITCH THE CAR AND CALL THE POLICE. THE POLICE WILL MAKE YOU TAKE THE ANIMAL OUT AND THEY TAKE THE CAR.

 

[HookersandIceCream]

You share that repo

 

[Sad Bunny]

 

[ThugLife]

So what I learned from this thread is I can get free cars and put them in storage and report them stolen and never have to pay

Im finna cop a Camaro

 

[semtex]

Repo men get shot in my hometown all the time.

 

[FreshFromATL]

You share that car breh , til you own the title.

Example:

Car Value: $45K

Down payment YOU pay 4K, Monthly Payment $300 (To the Creditor).

Yous still owe $41k plus Interest on that car when you leave the car lot.

Miss a few payments, creditor sends you a letter and they have the right to get their car back.

/ thread

 

[Wildin]

Stolen Corvette surfaces from Morena storage unit 24 years later
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Cops okay eBay auction?

By Gary Cornaglia, Dec. 24, 2012


A 1989 Chevrolet Corvette that was stolen from a Morena car dealership when new was for sale on an eBay Motors auction this week.

The Corvette was reportedly taken off the C&M Chevrolet lot and kept inside a nearby storage locker for 24 years. Still completely original, the car’s odometer reads 67 miles, and the original sales sticker remains affixed to the glass.

The thief recently came forward, reportedly through an attorney, and was cleared by the San Diego police to sell the car (whether this was due to a statute of limitations expiring is unclear). The thief allegedly paid an estimated $70,000 in storage costs over the years. Comparable used models of the same year vehicle are now valued at less than $10,000.

The “truly amazing find” is now owned by a Sherman Oaks dealer, Corky Rice. Following extensive detailing work to remove a quarter century's worth of dust, the red ragtop is in cherry condition once again and described as “a collector’s dream.”

The eBay no-reserve auction for the car closed at noon on Sunday, receiving over 70 bids. The winner’s closing bid of $39,471 was noted as equal to the car’s original retail sale price.

Stolen Corvette surfaces from Morena storage unit 24 years later | San Diego Reader