To the best of my knowledge there is no limit. This is their way of robbing people and unfortunatly the city usually just wants the car MOVED so they don't crack down on the fees the companies that move the cars charge. The finance company that has it repo'd pays them to tow it and allowing them to rob you keeps their costs down they have to pay the tow company also.
in the state of Virginia-each jurisdiction has a towing board made up of tow company owners and public officials that regulate what towing companies can charge for towing/impounding/storage/accident recovery/etc. and also how far your car can be taken when impounded or towed. you should check with your local police or sheriff office to see if the repo company falls under their jurisdiction as far as storage costs go when repossession is involved
Depends on the state the vehicle was picked up. To the best of my knowledge most states do not regulate this. One of the reasons for high storage rates by the recovery agency is many finance companies are asking for free storage unless the debtor redeems the vehicle. The repossessor can't afford to pay for his lot or garage without collecting storage from someone. Plus there is the additional burden of insurance while the vehicle is being stored. The average deductible for repo insurance is $1000.00 to $1500.00. for each claim. You also have the costs for security and lot attendants who not only release the vehicle but must do all the paperwork for the finance companies.
I know you don't like to hear this but the fact is many agencies are now losing money when it comes to total cost of storing the vehicles. This could all be resolved if the finance companies would quit placing the burden on the recovery agency and added all to the original repossession fee. In their attempts to hold down their own costs they are forcing the recovery company to sign unfair contracts in the first place. Strange as it may seem almost every major lender has almost the same contract and the recovery eithers signs this or has no work.
How do you get 1000000 robux for free?
What's the most outdated thing you still use today?
How old is Danielle cohn?
How many people signed the Declaration of Independence on July 4 1776?
What is Louis Tomlinson's IQ?
Easiest way to lose lower stomach fat?
What cause the death of curly thornton?
If you are 13 years old when were you born?
What is modal fabric??
What were George Washingtons false teeth made from?
Who was Yale University named after?
What determines whether you are left or right handed?
What would you do if the internet was suddenly gone?
What is the longest plate appearance in MLB history?
What is the official name of the Statue of Liberty?
Why can't we remember our dreams?
How exercise physiologists regulate the diets and training of athletes?
What are the benefits and possible pitfalls of having an official curriculum?
What is the odd one out calcium copper chlorine caesium?
Is it illegal to pick tiger lilies in Saskatchewan?
Are the friction losses of the machine linear in induction motor electrical machines?
What is means The crisis of yesterday is the joke of tomorrow?
Are friction losses of the machine linear?
BA-28 which is a recommended water-skiing safety practice?
Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.