car maker's financing--repo written off more easily?

Posted by anon (206.72.57.145) on October 16, 2003 at 17:29:15:

I don't understand this...

My sister financed a mini-van with Chrysler. She surrendered the van and they told her she may or may not be responsible for the deficiency balance. She was never contacted again!!

Another case, my husband's friend financed a truck with Ford Motor. The vehicle was repossessed and they called him for the deficiency balance. He told them he did not have a job and that was the last he heard of them. No word since!

These were both new vehicles.

Why can some people be so lucky? I had a repo I financed with Wells Fargo and I am still paying the deficiency balance.

Are there different circumstances when you finance with the car's maker? Are they more apt to write off the balances?

Strange but it almost makes me wish I bought a BRAND NEW vehicle and financed with the maker! I probably won't be paying on the balance!

Any one have any input?

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