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Asked 2/14/2008

Repossession on the first payment

My question is, I purchased a car 1/26/08 and I agreed to bring in 200.00 dollard in 2 weeks to pay on the taxes. It was do on 2/9/08, however I was unable to make the payment because I was incarcerated. On monday 2/11/08 they sent out paperwork for a repossession because I missed the payment. Now they are telling me the only to get my car back is to pay for the car in one lump sum of $7,000.00. Is this action that they are taking legal and is there anything I can do?

 
 
 
 
Answers

Answer 1/3 - Submitted 2/15/2008

That’s depending on the contract you signed.
Bank financing or on the lot financing.

 
 

Answer 2/3 - Submitted 2/18/2008

Usually to get car back you just have to pay the repo fee & catch up on all pymts, did you sign something different?

 
 

Answer 3/3 - Submitted 2/18/2008

Not that I know of I will have to go back through the paperwork.

 
 
 
 
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