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My friends car is about to be repossessed Soon, like tomorrow…?
7th August 2011
I was wondering if it was possible for me to take ownership for myself by paying off the remaining balance which is 20 months at 350.00 which is exactly 00.00 which I could pay on the spot. For a 2004 Hyundai Santa Fe with 78,000 miles on it. Is this car worth that price. How would I go about it if she agrees to it. It’s going to be repossessed anyway and I know I am not letting anyone borrow that kind of money.
Posted in: Auction FAQ | | Comments (4)
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You could get a nicer car with less miles for 7 grand.
Comment by J Day — August 7, 2011 @ 9:01 am
Can u please answer my question… Sorry that I cant answer ur question I am 13 idk about all that proresession old people stuff lol
Comment by Emoteengrl — August 7, 2011 @ 9:01 am
your money you decide
Comment by taxpayer — August 7, 2011 @ 9:01 am
I would have your friend call and explain the situation to the finance company. Tell them you have the money to pay in full and will satisfy the loan. If the car is Repossessed someone will have to pay an additional fee to get the Santa Fe out of the impound lot, you need to take it up with the finance company and see if they will hold on the repo order. If the car is repossessed call the bank with the payment and they will release the car to your friend and when the title comes you will need to have it transferred to you. It’s very nice that your offering to do this for your friend as it might salvage what little credit she has left.
Comment by Hazel Dunkel — August 7, 2011 @ 9:01 am