answersLogoWhite

0


Best Answer
Copy

Well, if it is old and don't run, they probably wouldn't make any money, likely LOSE more money, by repoing it. Sooo, they tell you to keep the old broke donw jalopy and get a judgment against you for the balance owed,ect. You are stuck with a car with NO title, nothing worth selling. But they will VERIFY that it is broke down and worthless. They wont just take your word for it. Good Luck

Probably not. Niether would GM or Hyundai. I boufght a 94 Exel in 1994. I began to fall behind in payments in August 1998. By then my vehicle was indeed running but in such bad shape that it would probably have not been worth it. My muffler was damages, no air conditioning, bald tires, one was a doughnut, the brakes were in poor shape, one front light no longer worked, exterior was scratched and a few minor dents as well. Hyundai was trying to call me day after day 5 times a day. I wound up with all 10 numbers that Hyundai called from on call block. I was unemployed so they did not know where I worked. Still in January of 1999 I still made no payments but found a job in December.

In February they called me finally (from a number they called from that they just added that was not on call block). I told them I finally had money and I could pay an additional 50 dollars a month to my 130 dollar a month car payment. They accepted. I then stated to them that I was surprised I did not get any repossession letters.

They stated "We don't warn of repossesions...then people would hide their cars and skip town and never pay". I then said that I was surprised they did not get my car. They stated "We did begin to repossess but your car was in such bad shape that we decided not to bother after the repo man took a glance at your car."

By June I caught up on my payments and by January of 2000 I was paid up. I was reported as delinquent until 2002.I eventually in 2000 did have to fix the muffler and brakes plus I found fixing the air conditioning was as simple as a fuse. I kept the car until 2002.

User Avatar

Wiki User

โˆ™ 2015-07-17 17:44:30
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Add your answer:

Earn +5 pts
Q: Will Ford Credit repossess an older vehicle that does not run?
Write your answer...
Submit

Related Questions

Can Ford deactivate the on board computer if you are behind on your payments?

No. They can, however, repossess your vehicle


In Texas can Ford Motor Credit repossess a vehicle if it has been designated a charge off?

Yes. A charge off does not mean that the debt is not still valid and subject to collection by any means available to the lender.


What services does the Ford Motor credit company offer to consumers?

Ford Motor credit company offers services to customers primarily to enable them to buy a Ford motor vehicle. It enables both financing and leasing of Ford vehicles.


After filing chapter 7 you did not reaffirm your car loan what happens now?

2 factors: 1. Are you current on your payments? - if you are not current on your payments the creditor will most certainly repossess your vehicle. however you will not be liable for any deficiency amount. 2. Who is the creditor? - Most creditors will gladly continue to accept payments on the vehicle and not repossess it. however some creditors such as Ford Motor company will repossess regardless of whether or not you are current.


What type of products does Mullinax Ford sell?

Mullinax Ford sells the following products: Used vehicles, new vehicles, vehicle parts, vehicle trading, car servicing, financing and credit applications, vehicle servicing, to name a few.


What was the older model vehicle that was bad about catching on fire when hit in rear?

the ford pinto was maybe one of the most famous


When was the Ford Transit Connect vehicle first produced?

The Ford Transit Connect was first produced and released in 2002. The Ford Transit Connect was created by the Ford Europe company and was originally introduced to replace the older Ford Escort and Fiesta models.


Who is the repossession company for Ford credit?

Who handles ford credit repos in Ocala,Florida 34479?


When was Ford Motor Credit Company created?

Ford Motor Credit Company was created in 1959.


What is the population of Ford Motor Credit Company?

Ford Motor Credit Company's population is 6,500.


What are is the going lease rate on a new Ford?

Lease rates for a new Ford, or any vehicle for that matter will vary from dealership to dealership. You can lease directly from a dealership or go through your bank or credit union if they offer this service. Three dealerships in that are are Hidy Ford, Interstate Ford, and Beau Townsend Ford.


Who is the inventor of the vehicle?

Henry Ford was the first person to create a vehicle in the 1800s. That is how the Ford company started


Do you owe Ford Credit If you voluntarily turn the truck in and Ford Credit sells vehicle at auction?

Each state is different, however, in most states the amount that the vehicle (collateral) is sold for is deducted from what you owe. You will still owe the remaining balance. If the collateral is sold for more than you owe, plus repossession/reconditioning expenses, the lien holder (bank) is in turn required to rebate you the difference.


What credit agency does ford motor credit use when checking consumers credit?

experian


Who owns Ford motor credit?

Ford Motor Company


Where is the vehicle speed sensor on Ford E250?

The vehicle speed sensor on Ford E250 is located underneath the vehicle on the transmission beneath the intake mainfold.


How many branches does Ford company have?

Three, Ford, Lincoln, and Ford Motor Credit.


Will an older dodge 8 lug rim fit an older ford 8 lug truck?

Yes, I've had both Chevy & older Ford (pre 1998) wheels on my Dodge W200 and 1999 Ford Did Not fit.


What is the overnight address to Ford Credit?

Ford Motors Overnight address


Does ford credit offer auto insurance?

No they do not. Ford credit is a financial institution which finances the sale of cars to the public. Sometimes they offer types of insurance like credit life and credit disability that are insurance products which pay them high commissions. They also offer products called forced place coverage through other insurance companies that are used when people fail to keep the proper insurance on their vehicles financed by ford motor credit. This coverage is physical damage coverage only to cover the amount financed so that ford motor credit does not take a loss if the vehicle financed is damaged and the client did not have insurance. This coverage is very expensive, only covers ford motor credit, and the cost is added to the clients account. It is not an insurance policy and does not provide liability coverage or any other coverages needed.


Where can you access and download an Owners Manual for a Ford Mercury vehicle?

go to Owners Manual Ford Mercury vehicle .com


How do you contact Ford Consumer Credit Not Ford Motor Credit?

I think they became part of Associates Financial Services who was purchased by Citifinancial.


How many passengers in a Ford Edge?

The Ford Edge automobile is rated to be a seven passenger vehicle. The Ford Edge is a crossover vehicle with a third row seat. ============================================================ The Ford EDGE has seatbelts for ( 5 )


Does Ford or dodge last longer?

ford. older models anyway


What type of vehicle is the Ford Escape?

The Ford Escape is a smaller crossover vehicle sold by Ford Motors. It is available with manual or automatic transmission. There is a hybrid version available.