Life without a car??

[Bell30656]

I had a vehicle that I chose to surrender during my CH7. It is still in my driveway. I haven't made a payment since November 2007. I guess a lot depends on who the finance company is and how bad they want the vehicle back. I called them one time about pick up and they told me to let them worry about recovery of their asset. They knew how to run their business without help from me. I've never called them again.

I dropped insurance to liability only back in January, I did renew the plate in May and I do on occasion drive it. It is nice to have a back up.

[LSUTiger32]

I had a vehicle that I chose to surrender during my CH7. It is still in my driveway. I haven't made a payment since November 2007. I guess a lot depends on who the finance company is and how bad they want the vehicle back. I called them one time about pick up and they told me to let them worry about recovery of their asset. They knew how to run their business without help from me. I've never called them again.

I dropped insurance to liability only back in January, I did renew the plate in May and I do on occasion drive it. It is nice to have a back up.

I have Toyota and I don't think that they will do that since it is a 2008 and worth about $23,000 but if they decide not to come and get it I will gladly drive it for the cost of the insurance!

[pookieny]

I had a vehicle that I chose to surrender during my CH7. It is still in my driveway. I haven't made a payment since November 2007. I guess a lot depends on who the finance company is and how bad they want the vehicle back. I called them one time about pick up and they told me to let them worry about recovery of their asset. They knew how to run their business without help from me. I've never called them again.

I dropped insurance to liability only back in January, I did renew the plate in May and I do on occasion drive it. It is nice to have a back up.

Wow! Can I ask the make and year of your car and who the loan is with?

[Bell30656]

Loan is with Ford Motor Credit. The vehicle is a '04 Ford E250 Conversion Van. It's nice, I like the van but I owed way too much on it. Not to mention the fuel mileage is calculated in gallons per mile rather than in miles per gallon.

[pookieny]

Hah! Does Debtmonster know about this? lol

I have posted here before, that my niece's Dodge Neon sat in my driveway for almost a year after she moved to Ohio waiting for the bank to pick it up. And I don't remember how long it sat in her driveway before she moved it to mine after she stopped making payments on it.

Finally, the repo man called me and we set up an appointment when he could pick it up and he did.

[debtmonster]

A 2005 Camry LE, 4 cylinder, with 60,000 miles is worth about $8,000 in good condition.

The 6-cylinder version is worth about $8,600.

I have found some super nice cars for less than that. I found a beautiful '03 Honda Accord EX V6 loaded with 42k miles for $6,850. Car looked almost new. Shiney paint and the head light lenses were not all fogged up looking like many cars that are left out in the sun all day are. This car was well over $26,000-27,000 when brand new.

Remember, I filed at the end of July. My 45 day period will come soon. I don't understand why people are calling the banks to give their cars back after the stay is lifted. Let them come knock on your door or call you on the phone. Why would you want to make the process of giving it back go any faster than it needs to be? Let the banks take their own sweet time at taking your car back. I would never want to rush things. Think of it as saving like $50-60 per day in rental car fees. When my aunt rented a car from Rent-A-Wreck, it was like a whopping $450/wk!!!

I don't mind a beater car as long as I know the person who owned it and if they took care of it. I put a lot of miles on my car and I have properly maintained it since brand new. I know my car could easily go another 400,000+ miles on it if I so desired to go that far.

What I am wondering is if you can make an offer to buy the car and get the title. Let's say they call and want to pick up the car. Let's say you have an uncle that will loan you cash to help you out. Could you not make an offer right there and make a settlement on the spot? Like I said before, I would like to offer $4,000 cash to keep my car to save me the hassle of looking for another car. I know the history on my car. My lawyer told me to give it back and buy a brand new one. Thing is, if nobody will finance me, I am SCREWED. 722Redemption.com already turned me down the other day. So if they are the bankruptcy financing specialists and they turned me down, I'm sure others will turn me down as well.

I have found two used car lots that both said they will finance me if I put 50% down. That's hard to do if you want to buy a $18,000+ or higher car.

[lovebirds]

A 2005 Camry LE, 4 cylinder, with 60,000 miles is worth about $8,000 in good condition.

The 6-cylinder version is worth about $8,600.

I have found some super nice cars for less than that. I found a beautiful '03 Honda Accord EX V6 loaded with 42k miles for $6,850. Car looked almost new. Shiney paint and the head light lenses were not all fogged up looking like many cars that are left out in the sun all day are. This car was well over $26,000-27,000 when brand new.

Remember, I filed at the end of July. My 45 day period will come soon. I don't understand why people are calling the banks to give their cars back after the stay is lifted. Let them come knock on your door or call you on the phone. Why would you want to make the process of giving it back go any faster than it needs to be? Let the banks take their own sweet time at taking your car back. I would never want to rush things. Think of it as saving like $50-60 per day in rental car fees. When my aunt rented a car from Rent-A-Wreck, it was like a whopping $450/wk!!!

I don't mind a beater car as long as I know the person who owned it and if they took care of it. I put a lot of miles on my car and I have properly maintained it since brand new. I know my car could easily go another 400,000+ miles on it if I so desired to go that far.

What I am wondering is if you can make an offer to buy the car and get the title. Let's say they call and want to pick up the car. Let's say you have an uncle that will loan you cash to help you out. Could you not make an offer right there and make a settlement on the spot? Like I said before, I would like to offer $4,000 cash to keep my car to save me the hassle of looking for another car. I know the history on my car. My lawyer told me to give it back and buy a brand new one. Thing is, if nobody will finance me, I am SCREWED. 722Redemption.com already turned me down the other day. So if they are the bankruptcy financing specialists and they turned me down, I'm sure others will turn me down as well.

I have found two used car lots that both said they will finance me if I put 50% down. That's hard to do if you want to buy a $18,000+ or higher car.

Why don't you just get a cheaper car and avoid being "screwed"?

[leena]

I own a 1995 Geo Prism, wirth 1,400 now. Best car I ever had! It is exempt in my chapter 7, so no worries there. I totally agree with those who say do not finance a car!

[OhioFiler]

Loan is with Ford Motor Credit. The vehicle is a '04 Ford E250 Conversion Van. It's nice, I like the van but I owed way too much on it. Not to mention the fuel mileage is calculated in gallons per mile rather than in miles per gallon.

We had one of those we had to pretty much give away. I can understand why FMC doesn't want it back.

[OhioFiler]

A 2005 Camry LE, 4 cylinder, with 60,000 miles is worth about $8,000 in good condition.

The 6-cylinder version is worth about $8,600.

I have found some super nice cars for less than that. I found a beautiful '03 Honda Accord EX V6 loaded with 42k miles for $6,850. Car looked almost new. Shiney paint and the head light lenses were not all fogged up looking like many cars that are left out in the sun all day are. This car was well over $26,000-27,000 when brand new.

Remember, I filed at the end of July. My 45 day period will come soon. I don't understand why people are calling the banks to give their cars back after the stay is lifted. Let them come knock on your door or call you on the phone. Why would you want to make the process of giving it back go any faster than it needs to be? Let the banks take their own sweet time at taking your car back. I would never want to rush things. Think of it as saving like $50-60 per day in rental car fees. When my aunt rented a car from Rent-A-Wreck, it was like a whopping $450/wk!!!

I don't mind a beater car as long as I know the person who owned it and if they took care of it. I put a lot of miles on my car and I have properly maintained it since brand new. I know my car could easily go another 400,000+ miles on it if I so desired to go that far.

What I am wondering is if you can make an offer to buy the car and get the title. Let's say they call and want to pick up the car. Let's say you have an uncle that will loan you cash to help you out. Could you not make an offer right there and make a settlement on the spot? Like I said before, I would like to offer $4,000 cash to keep my car to save me the hassle of looking for another car. I know the history on my car. My lawyer told me to give it back and buy a brand new one. Thing is, if nobody will finance me, I am SCREWED. 722Redemption.com already turned me down the other day. So if they are the bankruptcy financing specialists and they turned me down, I'm sure others will turn me down as well.

I have found two used car lots that both said they will finance me if I put 50% down. That's hard to do if you want to buy a $18,000+ or higher car.

Allow your uncle to buy you a $4,000 car and forget the BMW. If you have an uncle willing to loan you $4,000 I'm amazed. Must be quite an uncle.

[debtmonster]

Allow your uncle to buy you a $4,000 car and forget the BMW. If you have an uncle willing to loan you $4,000 I'm amazed. Must be quite an uncle.

That was just an example. I will have $6,000 cash saved up in the next month or so now that my wife got a job and I am starting to make more money. I would just rather make a settlement outside of the court on buying my car instead of paying my attorney a whopping $600+ to do a re-affirm.