GMAC auto loan

[jsofaz]

I was just wondering if anyone here has actually had GMAC repo a vehicle that wasn't reaffirmed but current. I did a search on this forum and many people say that GMAC will not allow ride throughs and will take the vehicle even if current. But I also found a lot of posts that say GMAC will not take it if you are current. I need to decide what to do. Reaffirm? Ride through? I don't want them to take my vehicle. I'm in Arizona. My lawyer says that she doesn't know of GMAC repoing current vehicles. She said that certain credit unions do.

Thank you.

[Ann]

I was just wondering if anyone here has actually had GMAC repo a vehicle that wasn't reaffirmed but current. I did a search on this forum and many people say that GMAC will not allow ride throughs and will take the vehicle even if current. But I also found a lot of posts that say GMAC will not take it if you are current. I need to decide what to do. Reaffirm? Ride through? I don't want them to take my vehicle. I'm in Arizona. My lawyer says that she doesn't know of GMAC repoing current vehicles. She said that certain credit unions do.

Thank you.

jsofaz, I can tell you that a few days ago at our 341 meeting right before we were to go in our lawyer had us sign a reaffirmation with GMAC. We only have until October until it is paid for so we decided to go ahead and sign. The lawyer we first hired (way too long of a story) told us that GMAC was notorious for taking back your car if you didn't sign. I cannot believe they would just come and tow away your car if you are current but I did not want to take that chance. Good Luck!

[ironpirate]

Well good thing I'm surrendering my car back to GMAC any way.

[mikeinsurpri]

jsofaz, I'm in AZ too and have a truck loan that we are current on with GMAC. We've never been late on it. Let us know how it works out for you, we still have a few years left on our truck loan and want to keep the truck. We bought for 0% financing, and I know it will be a long long time before we see that rate again.

[jsofaz]

Thank you for the response, Ann.

We have decided to NOT reaffirm. We are not upside down on our vehicle but we do owe a lot on it. We are going to continue making our payments and take our chances. I hope they don't take it but my husband says if they want it that bad they can come get it.

Mike, I will definitely let you know if they take it from us. We have never been late with our payments either. We still have a month to go until discharge. Let's hope for the best.

[albacore44]

mabee its regional. I rode through. even spoke to them a few times. they said no problem. Then when I was almost discharged, i decided to return the vehicle. it took them 3 weeks to get me a form to voluntary repo, and another 2 to get it approved for pickup. They were in no hurry. Repo guy even told me I could have kept the car, that GMAC was so inundated with REPO's they would never have found it. go figure.