Site Map
Categories
- Auction FAQ (2440)
- Auction Videos (1948)
- Auto Auctions (29)
- Car Auctions (67)
- Cars (1056)
- Government Car Auctions (87)
- Repossessed Car Auctions (32)
- Seized Car Auctions (68)
- Useful Articles (3)
Testimonials
"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
Find Car Auction
Recent Posts
- NEW JERSEY STATE AUTO AUCTION CUSTOMER REVIEW W/ MERCEDES BENZ IN JERSEY CITY NJ
- San Diego Public Auction 5.17.12
- 1934 Ford Coupe-Streetbeasts-Headliner Installation
- Car Auction Inc-Access Seized Car, Truck,Motorcycle,Van and More Review + Bonus
- CUSTOMER REVIEW AT THE NEW JERSEY STATE AUTO AUCTION IN JERSEY CITY NJ 07306
- This Is Why Teenagers Should Not Drive
- Charity Car Auction | How To Donate Or Get Charity Car Auction Vehicles Cheap!
- Repo Business Course
- SAA-Web-90-web.flv
- Japanese Used Car Auctions Explained – Part C
Resources
Find Seized Car Auctions Near You
Know Where To Buy Your Dream Car For A Low Price!
Whether It Is A Mercedes, BMW, Honda, SUVs, Trucks...
Drive Your Dream Car For 90% Below Retail Prices!
Start Looking For Your Dream Car Now!
My leased car was repossessed about 4 months ago.. what if i don’t pay off the differences?
5th January 2010
My leased car was repossessed about 4 months ago.. and i jut got a letter from collection company, and it says they’ve sold the car on auction and i have responsible for the differences..A repossessed car shows up on my credit report that I still owe the balance on the loan even though the dealer took the car back.
I am a full time student without a job.. What if i can’t pay off for the differences?? what will be happend to me?? please help…!!!!
Posted in: Auction FAQ | | Comments (5)
5 Comments »
RSS feed for comments on this post. TrackBack URL
Well you will have to go to court that is if they want to spend the time and money on that and if they do they will work something out with you. They will garnich future wages.
Comment by unschoolymomma — January 5, 2010 @ 1:49 am
The collection will also go onto your credit report.
Eventually, they might sue you.
Comment by StephenWeinstein — January 5, 2010 @ 1:49 am
Legally you are required to pay the difference. The only way around that is bankruptcy which I wouldn’t recommend. You need to call the finance company and work some sort of payment arrangements with them or they will eventually take you to court.That will result in wage garnishment etc. which will also show up on your credit report. Call them they will work with.
Comment by MICHAEL N — January 5, 2010 @ 1:49 am
It means that until you pay off the difference that you will never be able to get credit again. And you will be getting tons of letters and phone calls from collection companies.
Comment by chuckles951 — January 5, 2010 @ 1:49 am
Work out a payment plan. If they turn it over to collections you’ll start getting phone calls day and night
Comment by Classy Granny — January 5, 2010 @ 1:49 am