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I bought a car in Feb.of 03,at the end of Feb. I had to have knee surgery which I knew i was going to have to do at the time I bought the car.When I bought the car I also bought insurance that would pay my payments if I was disabled. I couldnt use the insurance for my knee because it was a prior condition. In november I had to have back surgery. I tryed to use the insurance becauce of my back surgery but I was not eligible because of my knee,so I get a refund of the amount of the insurance that I was told would go toward my payments,once they received my refund they told me that it would not go for my payments at this time im two months behind so I told them I would make the payments the same night it gets repoed. The repo man told me that I could make the payment and get the car back the next day so I let them take it now they want the vehichle to be paid off to get it back. 27,000 dollars. Is there anything I can do about this? Have I been screwed or is this my own fault?
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I once worked for a dealership and they had the right to repo. a car when the payment was 3 days late. They (the dealership) were completely within their rights to do so and they would demand either getting completely caught up on passed due payments along with any tow fee's to be paid before the clients could get thier car back or pay it off in full.
I would read your contract that you signed with them. It would be the one that has the lender's info on it. It should have all of the information in it as to how much of a grace period you have etc. I have to say though that 2 months is quite generous on the lenders behalf. Most won't let it get that far out.
Chances are you will have to do what they ask. Maybe see if they would let you pay all the past due and towing fee's. Have you asked them that?
If it is to much just let them keep it, but it will show up on your credit as a repo.
Good luck sorry I know this stinks!
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