Re: Car repo, but not for late payments

Posted by James (65.56.251.91) on February 05, 2003 at 22:38:27:

In Reply to: Car repo, but not for late payments posted by Glenn on February 05, 2003 at 01:00:50:

There is no "illegal reposession" nor is a "right to cure letter" valid in this scenario. The contract never got funded (dealer couldn't find anyone willing to take a risk on Glenn) and they are not in the business of financing, so they took their vehicle back.

Yes the contract says something about the dealership "obtaining financing on your behalf" and if they don't you have to give the collateral back.

The dealer will NOT put anything on your CBR because they are not a finance company and have no authority to do such. They want to sell cars.

The next step is to call them back and find out if they are going to be nice and give you back your down payment minus repo fees.

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