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"I was looking for a car through AutoTrader, but decided to join Gov-Auctions.org and I bought my new car and saved over $8700"

Client: Frank T. (Buffalo, NY)
Vehicle: 2003 VW Passat
Book Value: $17,789
Purchase Price: $9,050
Savings: $8,739

"Many thanks to your team at Gov-Auctions.org. Your information was current and very helpful. Keep up the good work you guys"

Client: Chris W. (El Cajon, CA)
Vehicle: 2002 Ford Expedition EB
Book Value: $18,944
Purchase Price: $8,000
Savings: $10,944

"I didn't think it was possible to buy a reliable car for under $500. WOW! I own my car for the same price as other people's monthly payment"

Client: Cliff S. (Ft. Worth, TX)
Vehicle: 2002 Hyundai Elantra
Book Value: $9,975
Purchase Price: $475
Savings: $9,500

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My cousin (whom I love to pieces) is going through some really tough financial times, With the recession, I’m sure we all know someone who might be struggling with bills.
She recently told me that she is considering letting her finance company (Toyota) repossess her vehicle (2006) so she wouldnt have to worry about the payments. She asked me how horrible her credit may look after that, and I told her that since I have only had my car for about a year, I wasn’t too sure.
In case she does allow Toyota to repo, how badly would it affect her credit score and would there be a way for her to re-build afterwards?
My heart really goes out to her as it does for anyone who is going through situations such as this. I hope someone out there can give me some feedback to pass along.
Thank you in advance.

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I do not have the title of my car in my possession, the bank does because my car is not all the way paid off. However I am interested in trading my car in for a different car (the car is used). The dealer says they accept trade-ins on used vehicles, but Im not sure how the sale process would go since my name is on the loan but I dont have the title, the bank does. Will they still honor the trade-in?

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