Re: Help
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Posted by Kjeldorian
(64.83.229.124) on August 26, 2003 at 19:06:27:
In Reply to: Help posted by Nancy on August 26, 2003 at 17:32:24:
These ideas may be better: 1) sell the car yourself.
2) trade it in on a different, less expensive vehicle. 3) Ask the bank to refinance your loan, or a different bank. If you let them repo, it will damage your credit, and you will owe the deficiency balance plus attorney and repo fees. Like Ychat said, it will be around 13-15000. Plus, you won't have a pickup anymore. The banks usually hold auctions to get money for the vehicles quickly. Car dealers come to the auctions and have to buy the vehicles at a low enough price so they can turn around and try to sell them for a profit. I hope you don't repo, it is a messy and expensive deal.
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