Site Map
Categories
- Auction FAQ (2440)
- Auction Videos (1949)
- 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
- Car Auctions – Police And Government Car Auctions
- 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
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!
should i let my car get repossessed?
6th July 2011
Heres my situation: i bought a 2002 chevy malibu almost 2 years ago. it has been problem after problem. originally i got financed at 25% (bad credit) for 4 years. i still owe 6K on the car and its only worth 1700. now the engine is shot. it will cost me a few thousand to replace it. i dont have the money. so do i let them repo it and pay repo fee+repairs for it to resell. or do i keep making my payments on a useless car? are there any other ways out of this? thanks
except that it doesnt run, so its not possible to crash it. besides, isnt that fraud or something?
Posted in: Auction FAQ | | Comments (4)
4 Comments »
RSS feed for comments on this post. TrackBack URL
something like that i would let them have the junk back and you could always look around for a cheap used car. your credit will be ruined but so what. the payments for that car you can take that and buy a good used car straight out. at least it would be yours.
Comment by bandit_60 — July 6, 2011 @ 4:14 am
yea i agree with matt just go crash the car and let the insurance company deal with it
Comment by racermike — July 6, 2011 @ 4:14 am
If you have gap insurance (which is required in the US for any outstanding auto-loans), just go crash it hard enough to total it. The insurance will pay off the car.
Comment by matt — July 6, 2011 @ 4:14 am
Wow! I don’t think committing a crime, going to prison, or possibly killing yourself in the process is the way to go.
It seems as though you are in a tough spot. Since you already have bad credit, cutting your losses through repossession may be the way to go for you. A wise businessman once said, "The first loss is always the cheapest". You still may have other fees to pay; however, you still will be able to get another car. Before you buy, get it checked out by an independent certified auto mechanic. Then do frequent oil changes, and other preventative maintenance on the car.
Comment by Kirk Dehart — July 6, 2011 @ 4:14 am