confusedgreenspun.com : LUSENET : Repossession : One Thread
In October of 2000 my boyfriend and i decided to buy a new car. We purchased a 1996 Pontiac Sunfire. We had the car for 8 months and the transmission blew out of the casing. I was the cosigner of the car and we stopped making payments, which was in July of 2001. In order for me to save up money to have the transmission repaired I had some friends hold the car, who have a small dealership. 4 months later the bank did not reposess the car due to it would not be worth the time and effort to put into it. Now the small dealership wants the title to the car to sell it, it has been repaired, when technically it is still our car. Should we just demand the car back and have someone toe it?
-- Cassandra J. Horton (email@example.com), April 02, 2002
Wrong site Cassandra. This is for UK home repossessions. Your situation will in any event depend on your State law; title to the vehicle may have reverted to the finance company upon your default - meaning it's not your car anymore.
-- Too scared to say (firstname.lastname@example.org), April 02, 2002.