about to cry!! - Page 6

nickd · 11-01-2008, 04:54 PM

Quote:

Originally Posted by danieleast

hmm. its still stuffed. i am so mad. like my parents offered to buy my car back for me. but i ripped their heads off. why should they have to buy it back ya know what i mean. its all anger at the moment. i threw my phone today at work at my tradesman because he laughed at me when i told him what happened. now thats not me in usually chilled out, this guy has pushed the wrong buttons. why should he get off without anything! its not fair

Listen mate you must be positive we learn and become stronger as days go on.
Keep those who are close to you but please don't pull them away, with work well there is always a D*&^H^%D who does touch a button at the wrong time best you put your chin up and not retaliate as this is your income.
Keep it cool
like I posted in the last thread what have you done mate?

**aussiblue** · 11-01-2008, 08:17 PM

Did we find out if the Finance company had a court order when they took the car?
Do they have such a court order?
Did you sign anything at the time saying the could take it?
Did they give you a receipt for the car?
Have you ascertained how much is owed on the car?

If its a "no" to all or most of these questions the Finance company may have taken the car under false pretences and you should take the matter up with you consumer affairs agency (OCBA) here http://www.ocba.sa.gov.au/ It sounds like you have ample witnesses of the repossession event.

The finnace company will doubtless get a court order if you follow this line but getting the car back or having them threatened with such action could put you in a position of negotiating a better outcome. Taking over the loan or leasing the car until the debt is recovered.

Yes; OCBA will also give you a lecture about not doing a REVS check but they should also be able to help you secure what few rights you have and advise you on how best to deal with the matter. A phone call is cheap and can't hurt.

Office of Consumer and Business Affairs (OCBA)
Consumer Affairs
Level 4, Chesser House
91 - 97 Grenfell Street
Adelaide SOUTH AUSTRALIA 5000
PO Box 1719, Adelaide SA 5001
DX 225
Telephone: (08) 8204 9777
Facsimile:(08) 8204 9769
E-mail:metro.cab@agd.sa.gov.au
Monday to Friday 8.30am to 5pm (except public holidays)

**aussiblue** · 11-01-2008, 08:22 PM

Where is G, Town? in any event OCBA have regional offices in Berri, Port Augusta, Mt Gambier, Naracoorte, Whyalla, Gawler, Port Lincoln, Kadina and Port Pirie See http://www.ocba.sa.gov.au/consumeradvice/contact.html

BadMac · 11-01-2008, 09:38 PM

OK Just read the entire thread.

You have some options. You have already missed out on the first one, but i'll state it so others who may find themselves in a similar situation can take the path.

1/ When they turn up to reposess tell them to bugger off and get a court order/tow truck. When they have gone decontent the car as quickly as possible. First take anything you have added to it (you will lose it otherwise and certainly won't get compensated for any mods or enhancements). Then remove the valuable bits that will put people off buying it, remember at this stage you are potentially removing somebody elses property so go carefully and ensure you have a good story, "I sold the seats on ebay and am waiting for my new race seats to turn up".

2/ Go to the auction and buy your car back for less than is owed, the finance company will sell it for anything, they just want some money back. Your aim should be to get it for as little as possible. It may help to ensure a few freinds turn up and ensure other potential bidders are put off (maybe have one tell anybody inspecting it that it was driven into the sea or something).

3/ Go to the guy who sold it to you and get him to make the payments (3) so the car is returned, retake possesion of the car and when the time comes follow step 1.

4/ Forget it, move on and get a new car. Learn the lesson (an expensive one but it could be much much worse). $7k may seem like a lot of money, but with a little extra work and less socialising you can nail it pretty quickly.

By the way option 1/. works. I have seen a person retreive a $20k repossesed car for $5k, its also one method car theives rebirth a car (steal, strip, buy at auction and rebuild, instant profit).

benoxr · 11-01-2008, 09:49 PM

Quote:

Originally Posted by BadMac

3/ Go to the guy who sold it to you and get him to make the payments (3) so the car is returned, retake possesion of the car and when the time comes follow step 1.

That would be a good option. tell the guy if he made the 3 payments you won't take civil action against him. (Well, not at this stage.) That could get you back to option 1. Sounds feasible to me..
If the guy made the 3 payments, plus repossession and holding yard fees/costs, would our forum member just automatically get the car back?

jason71 · 11-01-2008, 09:57 PM

Sorry to here about your situation. All the best at getting it sorted out.

Quote:

its also one method car theives rebirth a car (steal, strip, buy at auction and rebuild, instant profit).

Bloody thieves can use their brains, but why don't they put it to some good use?

56pickup · 11-01-2008, 10:02 PM

Quote:

Originally Posted by danieleast

last night at about 7pm i had a man rock up to my doorstep and told my mum she had 2 give him the 2002 white BA falcon its being repossessed! i wasn't home i was at mates i get this phone call from my brother saying my car is going to be repossessed come home. so when i got home the debt collector explained to me the guy who owned the car before me had finance on the car and hasn't paid so he has to repossess the car. im like wait a minute this isn't his car its mine. and because i got it so cheap 8400 i thought something wasn't right so i got a thing that he signed saying there is no finance on the car or anything like that. we called the police and they said its going to be about a 2 year process to get my money back from him. what can i do? is there an easier way oh yeah im an apprentice who relies on a car to work. and i don't make enough to buy another one and to top it all off i got a 7 grand loan for that car a personal loan so they couldn't take the car off me. so my situation is i have no car, 7 grand loan and possibly no job if i don't get a car soon. my parents will probably buy me a car of similar value etc. and then they get the money when we go through the courts.

end rant.

daniel

Sucked in chewed up and spat out

welcome to the real world.

Go on Current Affair, Today tonight, Rove Live have a sook.
Some poor sap will bail you out

Whyis this forum your problem?

:

**GasoLane** · 11-01-2008, 10:06 PM

Quote:

Originally Posted by 56pickup

Sucked in chewed up and spat out

welcome to the real world.

Go on Current Affair, Today tonight, Rove Live have a sook.
Some poor sap will bail you out

Whyis this forum your problem?

:

That made as much sense as your sig!

:

wodahs · 11-01-2008, 10:19 PM

Quote:

Originally Posted by 56pickup

Sucked in chewed up and spat out

welcome to the real world.

Go on Current Affair, Today tonight, Rove Live have a sook.
Some poor sap will bail you out

Whyis this forum your problem?

:

mate that was so help full
seeing he asked where he stands not for a hand out this is real good
he wasnt lookin for a bail out and some havent been down this road before but with help full info like yours well lets hope no one ever does

benoxr · 11-01-2008, 10:43 PM

[QUOTE=56pickupWhyis this forum your problem?

:[/QUOTE]

Didn't know he had a problem with the Forum?. But it seems you don't know what a forum is for.
Don't tell me, as a child you were hard done by, your parents left you for dead, you have done it the hard way and so should everyone else!

Kryton · 11-01-2008, 11:02 PM

Quote:

Originally Posted by BadMac

2/ Go to the auction and buy your car back for less than is owed, the finance company will sell it for anything, they just want some money back. Your aim should be to get it for as little as possible. It may help to ensure a few freinds turn up and ensure other potential bidders are put off (maybe have one tell anybody inspecting it that it was driven into the sea or something).

in theory, yes it would work and yes it is plausible.
the car has been repoed, it will be sold and the shortfall is the original borrowers problem (ie: not your problem at all).
yes, if you buy the car from auction, it will be sold with a clean title (to you) even though there may be money still owed on it - you dont have to worry about that.
HOWEVER, finance companies do put reserves on repoed cars (i know this - ive had it happen) and sometimes they are stupidly priced SO THEY DONT SELL INTENTIONALLY on that day (once again - i know this from experience).
by law, they have to see what the fairest price is they can get so it may be the second time it goes to auction before it is sold.
the other point, about this case in particular is the OP has a +7k debt already so buying the car from auction may not be feasible at all. i doubt the bank is going to offer him more money, his parents may offer him the money but he still owes what he borrowed originally.

wodahs · 11-01-2008, 11:09 PM

Quote:

Originally Posted by davway

in theory, yes it would work and yes it is plausible.
the car has been repoed, it will be sold and the shortfall is the original borrowers problem (ie: not your problem at all).
yes, if you buy the car from auction, it will be sold with a clean title (to you) even though there may be money still owed on it - you dont have to worry about that.
HOWEVER, finance companies do put reserves on repoed cars (i know this - ive had it happen) and sometimes they are stupidly priced SO THEY DONT SELL INTENTIONALLY on that day (once again - i know this from experience).
by law, they have to see what the fairest price is they can get so it may be the second time it goes to auction before it is sold.
the other point, about this case in particular is the OP has a +7k debt already so buying the car from auction may not be feasible at all. i doubt the bank is going to offer him more money, his parents may offer him the money but he still owes what he borrowed originally.

agree been to a few of these auctions and the reserve is usual high for the first few and they only drop it after a month to six weeks if it isnt getting bids

but only as low as the bids they were getting at pass in and hope it still goes up from there

Bossxr8 · 11-01-2008, 11:10 PM

Same thing happened to one of my workmates. He bought a VT for around 10k, it was repossessed about a year later as the first owner still owed money on it. He got legal advice and his lawyer ended up negotiating with the finance company that had it repossessed to pay them 4k to get it back. It may have cost him a bit of money that wasn't his to pay but he got it back. Even if it cost him extra it was still better than losing the lot.

Nostalgia · 11-01-2008, 11:13 PM

Quote:

Originally Posted by 56pickup

Sucked in chewed up and spat out

welcome to the real world.

Go on Current Affair, Today tonight, Rove Live have a sook.
Some poor sap will bail you out

Whyis this forum your problem?

:

Mate, Go back to your mothers boob and come back to us when you have grown up. Your comment is totally uncalled for. Read the whole thread before posting. I havent posted because i have no advice to give on the topic as i have never been in this situation and dont know what legal rights this guy has,but at least i have respect and dont stick my nose in. This Forum isnt his problem but you are a problem to this Forum.

**aussiblue** · 11-01-2008, 11:18 PM

You are allowed to cry under the circumstances but when you have finished please call the Office of Consumer and Business Affairs and get some free expert advice. Don't repeat the 1st mistake of not calling their REVS line; call them now.

jason71 · 11-01-2008, 11:32 PM

Quote:

Sucked in chewed up and spat out

welcome to the real world.

Go on Current Affair, Today tonight, Rove Live have a sook.
Some poor sap will bail you out

Whyis this forum your problem?

This comment is a bit unfair. We all have been young and made mistakes, I know I've made plenty.

The poor bloke is just asking for some advice.

As they say wisdom only comes with age.

56pickup · 12-01-2008, 12:48 AM

Simply put:

Forums to express views invite discusions and debate.
Yes I have been there. Two cars and a House, But I didn't start out as a typical Today tonight? / Current Affair story line.

Prior to the WWW, you found out the hard way. Now with info at hand I dont belive this still happens:

Lets say this is a better post:

Hey, Last night the repo man hassled my parents when I was out about a car I brought. Seems the smuch I bought it from, had skipped on paying his loan out. I raced back home and to ease the strees on mum and dad, we let the goon take it. I need to know if any one on this forum or others had this happen before.
I'm ringing my finace company to get there legal people on board and if anyone knows of a law firm that can help me , please post there info.

cheers

Now. Block heads

If you read a majority of the posts, they read , bumber due, etc , not real help, others , hey why didn't check revs.

Now you see my view, another Today Tonight Story.
If it was in downtown brisvegas, I would gladly pass on info as I have stated, I went through the ringer, but didn't present it in a typical A Current Affair way.

Criticise me if you want, but turn it to a Today Tonight forum, that is your choice.

In Australia , the federal govt has decread, that at the age of 18 you must vote. therfore you must be able to make a decision.

Pretty remarkable that, don't you think

One for Gasolane:

Research. It is an amazing thing;

Nostalgia · 12-01-2008, 12:59 AM

danieleast posted this thread in a suitable manner and he is getting the advice he needs. Im sure if he needs alternative info he knows where to find it. You aint worth getting banned over so i wont tell you exactly what i think. If you have no worthwhile advice for this guy then xxxx off. Sorry mods but there is just too many smartarses on here lately who just want to cause problems.

UKXR8 · 12-01-2008, 01:23 AM

Nice one NostalgEA

plext · 12-01-2008, 01:59 AM

Quote:

Originally Posted by 56pickup

Simply put:

I'm a noxious, overbearing, self righteous know all.

Thanks for coming.

**GasoLane** · 12-01-2008, 10:06 AM

Quote:

Originally Posted by plext

Thanks for coming.

Thanks for fixing

Casablanca · 12-01-2008, 10:20 AM

yea that was insanely rude considering all he was doing was asking for advice, i really cannot believe some people, good on you mod's you doing a top job.

Bossxr8 · 12-01-2008, 11:11 AM

Quote:

Originally Posted by 56pickup

Simply put:

Forums to express views invite discusions and debate.
Yes I have been there. Two cars and a House, But I didn't start out as a typical Today tonight? / Current Affair story line.

Prior to the WWW, you found out the hard way. Now with info at hand I dont belive this still happens:

Lets say this is a better post:

Hey, Last night the repo man hassled my parents when I was out about a car I brought. Seems the smuch I bought it from, had skipped on paying his loan out. I raced back home and to ease the strees on mum and dad, we let the goon take it. I need to know if any one on this forum or others had this happen before.
I'm ringing my finace company to get there legal people on board and if anyone knows of a law firm that can help me , please post there info.

cheers

Now. Block heads

If you read a majority of the posts, they read , bumber due, etc , not real help, others , hey why didn't check revs.

Now you see my view, another Today Tonight Story.
If it was in downtown brisvegas, I would gladly pass on info as I have stated, I went through the ringer, but didn't present it in a typical A Current Affair way.

Criticise me if you want, but turn it to a Today Tonight forum, that is your choice.

In Australia , the federal govt has decread, that at the age of 18 you must vote. therfore you must be able to make a decision.

Pretty remarkable that, don't you think

One for Gasolane:

Research. It is an amazing thing;

You wouldn't brake for a small kid crossing the road would you.

:

**Silver Ghia** · 12-01-2008, 12:14 PM

Quote:

Originally Posted by Bossxr8

Same thing happened to one of my workmates. He bought a VT for around 10k, it was repossessed about a year later as the first owner still owed money on it. He got legal advice and his lawyer ended up negotiating with the finance company that had it repossessed to pay them 4k to get it back. It may have cost him a bit of money that wasn't his to pay but he got it back. Even if it cost him extra it was still better than losing the lot.

Daniel,
How did you get on with your lawyers? I've been reading this from the start, and I'm not quite sure on all the numbers, ie. how much it will require to get the car back from the repo's, but I think you will need to weigh up the options to get out of this situation cutting your losses to a minimum. It seems a fact that whatever, you wont get the car back unless you pay something, unless the amount owing (plus costs including lawyers fees) is in excess of the present value of the car, in which case unfortunately you need to walk away.

The fact your parents have offered to help out is a good sign. I know you have your pride, but your parents obviously feel for you about the whole situation, and we do also. Let them help you, even it is only for the interim period until it all settles down.

And it would be good if members with their own problems including those still posting dont clog up this thread. The poor guy here needs help, and these members arent helping.