Posted by MarkB_MI on September 15, 2010 at 02:52:59 from (32.178.88.201):
In Reply to: OT Car Repo posted by barn E on September 14, 2010 at 18:16:08:
If it were me, I would have no part of it. If she wants to hide her car, that's her business, not yours. Just don't let her hide it at your place, which is what it sounds like she wants to do. (Otherwise, why are you asking the question?) If lawyer-man thinks it's such a good idea, maybe she can hide it in HIS garage.
The bank WILL find the car. She WILL owe the unpaid balance, plus interest. Hiding it just postpones the inevitable. As it turns out, I know somebody who hid a car rather than let it be repossessed. He now has a car that he can't sell, can't license and can't drive on the street. And it continues to rack up interest and late fees, while the resale value of the car continues to depreciate.
If she turns the car over to the bank, the bleeding stops. Yes, she will still owe them the money, but eventually they'll write off the debt and send her a 1099 for the write-off. Her credit will be trashed either way, which it sounds like is probably a good thing.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.