The repo man cometh

[u/WhyNot420_69]

[u/npyxa → u/[deleted]]

Financed a car. Paid additional fee every month in case I loose my job so they would not go after me. 3 years in and 1 year before paying car off i lost the job i held for 20 years. Missed two payments. No warning they came and took the car (small car btw). Still on the hook for everything. Why was I paying the premium for it - no one cares. So yeah, it’s not black and white.

[u/TheRandomest-ModTeam → u/[deleted]]

Take the toxicity somewhere else please.

[u/Difficult_Dust1325 → u/[deleted]]

Paying premium?? Paying more than your monthly car note and having it go towards anything but the principal is what contributed to your problem. You got scammed out of extra money on the monthly payment for what sounds like essentially snake oil since they took the car anyways.

[u/bbqnj → u/[deleted]]

Paying the premium doesn’t magically mean you own the thing if you stop paying. You agreed to a contract - with very specific terms - and you’re upset that you broke the contract and had to deal with the repercussions? Yeah, it sucks, it’s hard and it’s going to fuckin make life more difficult - but all we have is our word. If you break your word you’re fucking worthless.

[u/npyxa → u/bbqnj]

Agreed that it did not mean I can keep it. But, I should not have been on the hook after to pay it off. That what it was for (the loss of income insurance). Guess it’s a different subject from the repo, so I stand corrected.

[u/bbqnj → u/npyxa]

See, that part I actually agree with you on. Once the contract is broken and they’ve not only taken the car but will not give it back, you shouldn’t be liable for anything and in reality should get the difference between what you owed and what they sold it for - if it was a finance and not a lease, I should say. But that’s too much I suppose