Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
given your limited finances just give him the keys and walk away. It'll cost him more in lawyer fees to sue you in small claims & get a judgement. Your credit may suffer but trust me there are plenty of ppl out here in Cali who've walked away from their upside down subprimes and still manage to qualify auto loans and even new mortgages.
If he repossess the car, I still owe him the $3000...how is that a sensible option?
Anyway, I'm done.
Contract or no contract, I'm not giving him a cent more. If this effects me in the future, I'm not playing around with it. I need food, clothes, and shelter to survive...if the "system" doesn't allow me that then I'm officially playing against it. Without food, clothes or shelter, I'll be the state's enemy.
If he repossess the car, I still owe him the $3000...how is that a sensible option?
Anyway, I'm done.
Contract or no contract, I'm not giving him a cent more. If this effects me in the future, I'm not playing around with it. I need food, clothes, and shelter to survive...if the "system" doesn't allow me that then I'm officially playing against it. Without food, clothes or shelter, I'll be the state's enemy.
The system is flawed. Fix it.
I hear a lot of folks head over to Malaysia to lay low for a couple of years. As others said, you entered into a contract with the dealer (albeit a bad one for you). Somewhere along the line you figured out that you made a bad deal and now you want it your way. Maybe it's time to man up and take care of your business. For the record, if he repo's the car, that's his remedy for you welching on the deal. He may be entitled to repo fees and if you did any damage to the vehicle the cost to repair up to the value of the vehicle. He don't get the car and the money.
He don't get it both ways. If he repo's the car that's it unless you did major damage to it. He may be entitled to repo fees if your state allows it.
I think what he does is that he sells it, and any difference in what I owe and what he gets for it falls on me. Still screwed, but it's better than nothing.
Plus it's a credit hit. Don't know if I should do it that way, or pay it off and take the financial hit, but keep credit good?
If he repossess the car, I still owe him the $3000...how is that a sensible option?
Anyway, I'm done.
Contract or no contract, I'm not giving him a cent more. If this effects me in the future, I'm not playing around with it. I need food, clothes, and shelter to survive...if the "system" doesn't allow me that then I'm officially playing against it. Without food, clothes or shelter, I'll be the state's enemy.
The system is flawed. Fix it.
There's all sorts of "legal" businesses that exist to rip off the naive - from predatory car dealers to check cashing places to rent-to-own stores to internet gambling and on and on.
Drive the Bronco back to the dealership to avoid the extra $300 recovery charge and cross your fingers that those threats of his were largely empty. They probably are but he can certainly sue you in small claims court and probably will. However suing doesn't mean he can collect. Your credit will take a hit but hopefully you can repair it just fine.
Since you have the money to pay off the (original) balance, get yourself on craigslist and start looking at what's out there. If your needs are modest you can get a decent ride for under two grand. Also, if you're not mechanically handy, either learn or (like me) cultivate friends who are.
I think what he does is that he sells it, and any difference in what I owe and what he gets for it falls on me. Still screwed, but it's better than nothing.
Plus it's a credit hit. Don't know if I should do it that way, or pay it off and take the financial hit, but keep credit good?
Your system sucks. Fix it.
Regarding his threats: Other members are correct. He is trying to scare you.
Regarding your credit: Do you currently have a credit card of any kind? If "yes" you're still okay. Use it to do everything right, and spend the next 3 years rebuilding your credit. You'll be fine.
If he repossess the car, I still owe him the $3000...how is that a sensible option?
Anyway, I'm done.
Contract or no contract, I'm not giving him a cent more. If this effects me in the future, I'm not playing around with it. I need food, clothes, and shelter to survive...if the "system" doesn't allow me that then I'm officially playing against it. Without food, clothes or shelter, I'll be the state's enemy.
The system is flawed. Fix it.
What's flawed is the fact that you agreed to pay $3 grand for a 1989 Bronco with almost half a million miles.
Then you skipped payments - which you didn't mention in your original post, by the way - causing you to incur additional fees.
And since you're having him send you a copy of the contract you signed you apparently didn't keep a copy when you bought the car, or if you did you lost it. I'm guessing you didn't read it before signing, either.
I agree that you shouldn't pay any more for this car. Take it back to the lot, and bring a witness to verify that you did return it. I'd probably go as far as having the witness videotape you returning it. The guy will blow a lot of smoke, but given my experience with these sort of folks he won't work to hard to collect. He's already made some money on this deal, he'll probably just duct tape the thing back together and push it off on the next sucker that comes along.
But I disagree that the "system" is to blame. Not that it isn't flawed, ultimately you're the one who got "Bronco fever" and signed on the line without stopping to consider that it might be a really bad idea. Time to man up and accept the fact that you screwed up and use the experience to make yourself a better person.
Last edited by duster1979; 02-14-2013 at 03:49 PM..
Out of curiosity, if the OP were to run a Carfax on this Bronco, how many previous owners do you suppose it has had in the past 10 years?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The "system" doesn't protect the consumer from their own ignorance or decision-making process.
