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You may want to check your state's statutes. In most states, repo companies can charge a fee and it's completely legal. If, in your state, it's not legal, you can file a grand theft report with the police agency governing the jurisdiction where the company does business. You can also sue them in civil court for the fees plus court costs. However, make sure first that charging the fees was illegal.
What else can I help you with?
How much is repo fees in Tulsaok?
Repo fees in Tulsa, OK, can vary widely depending on the specific circumstances of the vehicle repossession and the policies of the repossession company. Typically, fees may range from a few hundred to over a thousand dollars, including towing, storage, and administrative costs. It's advisable to check with local repossession agencies or consult relevant state regulations for more precise information.
In Georgia should you do a voluntary repossession or just repossession?
The second to last sentence should read - Never will a voluntary repossession cost you MORE than a forced repossession. A repo is a repo. Voluntary Repos will, in most cases, save you money due to the cut in fees associated with the repossession. In some cases these fees will not be any less and the cost of a voluntary repo and the cost of a forced repo are the same. Never will a voluntary repossession cost you less than a forced repossession. Either way, voluntary repossession is the decision I would make, due to the possibility of a lesser cost.
How much is the storage fee a day for repo?
Fees vary from lot to lot and repossession company to repossession company. I have seen daily rates as low as $10.00 and as high as $150.00. Your best bet is to get the matter resolved as soon as possible and redeem your vehicle.
What are basic repo storage fees etc typical in NY?
It can vary from repo company to repo company. but on average in the ny area storage fees can range from $15-40 a day. It depends on the arangement the repo company has with the bank
What is the difference between voluntary repossession and regular repossession and the pros and cons with it?
Neither are good. Call the lender and work something out. a repo is a repo by any standard ,they will sell the unit and go after you for the deficiency no matter what.it will be on your credit as a repo. You will not have to pay the towing and fees associated with the repo. That is the only difference.
Where can you find a repossession company to repo a car?
My company does repos in the state of Virginia. If you are not "here" all you have to do is call the local towing companies and ask about rates and fees. If you need to get in touch with me please do so at: serv-671456061@craigslist.org
How much is a repo fee from gm?
Repossession fees are variable for all auto lenders. Repossession fees are real costs that are accrued in the repossession of a vehicle, or based on these costs. Fuel, number of visits, wages, insurance, etc. are all taken into account. So the repossession fee on one vehicle may be vastly different, greater or less, than the fees on another.
If your car is damaged while it is being repossessed who is liable for the damages the loan company or the repossession company?
The LENDER is responsible for every detail of a repossession. They may pass the costs of repair on to the repo company.
What is a contingency repossession?
One where the repossession agency receives no fees to cover the expenses incurred in the efforts expended during the recovery process unless the unit is actually recovered. No repo, no money.
What is special about the Repo Truck company?
There is no company with the name "Repo Truck", but "repossession" of a vehicle simply means the financial lending company "takes back" the vehicle, because monthly payments on the vehicle have ceased.
How hard would it be for a person to get a car back after a repossession?
1st repo?? Pay the arrears and repo fees, have ins. coverage 2nd repo??? Most likely have to payoff the loan unless the lender is in a really good mood. Read your contract
Does the car owner have to pay impound and storage fees after repossession?
A car owner has to pay impound and storage fees after repssession because that was their car. The bills are left to the car owner, no one else is going to pay their bills.
