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azasadny azasadny is offline
19 years and 17k posts...
 
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Join Date: Jul 2002
Location: Dearborn, MI (Southeast Michigan)
Posts: 17,444
Garage
The bank (or whoever financed the car) really does not want the car back. They will generally demand back payment and an agreed-upon schedule for future payments. When I worked at a FL bank, way back in the early 80's , we always tried to work out a deal to prevent us (the bank) from having to resell the car to an auction house and lose $.
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Art Zasadny
1974 Porsche 911 Targa "Helga" (Sold, back home in Germany)
Learning the bass guitar
Driving Ford company cars now...
www.ford.com
Old 08-12-2008, 02:35 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #7 (permalink)