How Can Repossessed Cars Be Recovered?

When your car is seized, you may feel desperate, ashamed or simply furious. Maybe the loss of your job or an illness caused your financial problems. Maybe you were reckless about the payments. But the financial company or the bank does not care why you do not make your payments, especially if you have not had any contact with the owner of the vehicle.

Negotiation

The financial companies and the banks and will make several attempts to reach an agreement with their credit subjects when the payments of a car are late. The best solution is to try to avoid the embargo by negotiating with the finance officer. Try to find a solution that everyone can adjust to. Do not ignore the situation. Acknowledge the problem and ask for help.

Agreements

If it’s too late and they’ve already taken your car, you can still get it back. Some banks and finance companies will come to an agreement with you. They may ask you to pay all late payments (in addition to towing or garnishing charges) so you can recover your car. They can even give you a tolerant time to do it.

Settlement

The finance company can insist that the loan is paid in full within a certain period of time so that you can recover your car. It is possible that this period can be negotiated. Ask for any time span between a week and a month, depending on how much the company wants to support you. Storage charges may be charged for the time the car was stored.

Loans

It may be that you get the necessary funds to recover your car, perhaps a friend or a relative will lend you. Make sure you find out exactly how much money the finance company will accept to return your car. If you send less than the agreed amount, the company will simply apply that amount to the debit balance and keep the car.

Refinancing

If you are completely unable to raise the funds for yourself, try to sell the car for the remaining balance of the loan. Take the buyer with you to the company and have the buyer pay off the loan The bank will deliver the car to the buyer once the loan is settled. This may not be an ideal situation, because you will still be without a car, but you will keep your credit.

Credit history

Talk to your finance officer as soon as you start having difficulties making payments on your car. You can refinance your loan if you have already paid a good part of it. Refinancing before you get the car is always the best option, instead of finding a way to get it back once the company is forced to take it away.

Things Your Mechanic Won’t Tell You Regarding Your Service

There’s a ‘knowledge gap’ between customers and businesses and that’s how extra money is made in the business world today.

According to statistics, customers always pay more for necessary services because they don’t actually know how and when to push back.

The same goes for the automotive business. Many mechanics won’t tell you a lot of things. Instead they attempt to take as much extra money as they can from your pocket.

However, that’s why we exist! Today, we’ll reveal a few important things your mechanic won’t tell you when it comes to improving your car’s efficiency.

Not All Mechanics Are Equal

When you need to repair your car or your car is in need of maintenance, you have a lot of choices where to take it. You can choose a car dealer, a chain-store franchise, a department or a single mechanic who owns their own service station. You should choose where to take your car depending on the type of service you need, your car’s condition and age.

However, if you take your car to the wrong garage, no mechanic will tell you that someone else may provide you a better service. Keep that in mind and research before you take your vehicle to any garage.

Some Maintenance is Best Left to the Specialists

According to the National Institute for Automotive Service Excellence, mechanics should be specialized in 8 automotive fields, including electrical systems, brakes, engines, heating, air conditioning and more. When you take your car in to a service station, always check if the mechanic who will be working on your car has certificates for the work you require.

These certificates should be renewed every five years. However, don’t always rely on fancy papers but ask for customer reviews. If they don’t have reviews or won’t share them with you, think twice before you leave your car in the hands of a mysterious and uncooperative person. Even if they can’t fix your car properly, they will never tell you to ask for another mechanic or ask for a second opinion about a repair or maintenance problem.

Not All Repair Work Will Be Necessary

But of course they will still charge you extra for it.

It’s a legendary story. You leave your car to the mechanic and when you come back, they point out the additional repairs they’ve made without asking. In other words, they obligate you to pay for something you didn’t ask, which is frustrating! However, in order to avoid this, point out that you don’t want any additional repairs before you leave your car in the hands of some mechanic.

Beware of Getting Charged For Work Not Completed

Whether it happens on purpose or by mistake, either way – it happens!

Imagine you drop your car off at the service station to have the filters, belts, and fluids replaced. However, all the professional mechanics are currently busy and the mechanic who will be working on your car is hired yesterday. We’re not saying that he sucks at his work, but due to stress or confusion, he might forget to replace some of the parts you asked for.

In order to avoid this, always ask to see the old parts, and attempt to inspect the new parts installed on your car.