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My dad’s car was repossessed after overlooking one month’s payment, I know you must pay bills to keep cars, I already gave him that speech, but a part of me thinks why they would do it after just one month? Idk, does that sound right to you? It’s a GMC car if that means anything
He also got no warnings or reminders that his bill was late

9 Comments »

1. 

   hahahhah another gmac story.the same thing happened to my mom with her suzuki (chevy really but built in canada by suzuki workers in a suzuki plant) equinox.in fact she made arrangements to make the payment a week late and she made the payment the day they took it.yet again another reason not to buy a gm product.btw your SOL with getting it back cuz we tried.we even offered to pay off the car and they wouldnt take it.

   Comment by Robert B — June 19, 2010 @ 11:25 am

2. 

   ITS CALLED A RECESSION GMC IS PRESSED FOR MONEY THEY CANT BE WAITING ON PPL TO PAY THEYRE BILLS NO U MISS A MONTH THEY COME AND GET THEIR TRUCK BACK SIMPLE AS THAT

   Comment by Hotrod021075 — June 19, 2010 @ 11:25 am

3. 

   He was either over 60 to 90 days late which you don’t know about or he recently filed for bankrupty which you don’t know about.

   Comment by Love The Beast. Falcon XB Coupe — June 19, 2010 @ 11:25 am

4. 

   If he bought it used he probably had WEEKLY payments meaning he missed FOUR payments.

   Comment by Click here, read profile please — June 19, 2010 @ 11:25 am

5. 

   Although i dont have the best answer for you, i would like to say that this is just sad. I would get a lawyer, just to see if there is any legal loop hole or something. That is the best advice i can give you.

   Comment by eaglescout — June 19, 2010 @ 11:25 am

6. 

   He also got no warnings or reminders that his bill was late
   —

   Read that contract! I guaran-darn-tee you that defaulting on the finance agreement is grounds for repossession and it’s spelled out in that contract, too. No, it does not need to be three months before a repo, either.

   Comment by alfredb1979 — June 19, 2010 @ 11:25 am

7. 

   all lien holders are different, some are more lenient than others, its in the contract, lets hope dad is not late again, because its clear the repo man must live like next door or something, there is no kind of guarantee when a repo guy will come, some bigger companies like toyota, it took them six months to go get my brother in laws car, and he called and told them he could not pay, and where to pick it up because he moved and was no longer at the address for the car. So nothing is written in stone. hope dad got his car back ok and things are working out. best of luck

   Comment by dick car guy — June 19, 2010 @ 11:25 am

8. 

   I would challenge that "no warnings or reminders" statement.

   Nobody gets their car repossessed without a letter from the creditor. He probably ignored the letter just like he ignored his due date.

   Comment by mccoyblues — June 19, 2010 @ 11:25 am

9. 

   As far as not being informed that you are in default, lenders are ubnder no obligation to inform you. That’s why they give you a contract, a payment book or send an invoice, which most lenders do not send. As far as when you are in default, look on your contract. It tell you you when the contract is in default. Some buy here pay here dealers say you are in default as little as 3 days after your payment is due.

   Comment by gotwheels3ne — June 19, 2010 @ 11:25 am

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