REALLY "PICKING UP" (What a bad pun!)
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| THIS NEW REPO TRUCK GOES FOR 60K ON WEB
"When You Know the Repo Man Is Coming
We're not going to tell you how to hide your car or block it in using other vehicles, as that's just postponing the inevitable. As one repo man said, "We use every trick in the book to get your car. We watch the house and follow you if you take the car anywhere. We'll grab it when you park, even if it is for a few minutes. I took one from a gas station when the owner went to the window to get their change.
"The harder you make it for the repo man, the more he is going to charge the bank," our recovery agent added. "The bank will add this to the amount you owe, and you will eventually have to pay it."
So before your car disappears, take your personal items out of it. This includes removing aftermarket stereo equipment or other accessories. Put the original equipment back onto the vehicle or you will be billed for it. If your car is repossessed, you have the legal right to claim your personal possessions from inside the vehicle. In some cases, personal items can vanish. "The agent is supposed to store and log everything in the car," Huang said. "But that doesn't always happen."
Still other people avoid repossession by simply surrendering their vehicle. This summer, in foreclosure-ridden Riverside County, California, dealers would come to work in the morning to find SUVs parked outside with the keys in the ignition and a note on the windshield saying, "I surrender this car." This avoids the repossession fee but not the balance owed or the auction fees.
Sadly, some people facing repossession become bitter and vandalize the cars. "Some cars we got back looked like someone had tap-danced on the hood," Huang said. This would only lower the value of the car at auction, further increasing the balance owed on the car." (FROM EDMUNDS.COM)
FEEL FREE TO FOWARD THIS POST TO ANY FAMILY MEMBERS OR FRIENDS WHO MAY NEED THIS INFORMATION. ---Glenn <><
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