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    chris0110's Avatar
    chris0110 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 18, 2009, 09:34 AM
    Voluntary Repo
    Hi I live in Massachusetts, I ran into money problems while I had a loan payment on a vehicle rather then wait for a repo I called the finance co. about 6 months ago and asked for a voluntary repo of the vehicle, they refused to repo the vehicle, I have since sent a certified letter to this effect, received the receipt that they had gotten it, as well as a phone call from them telling me that they had received the letter and that they have no intention of picking up the vehicle, this has gone on for about six months. Now my landlord is on my back because the vehicle is sitting on her property unregistered and uninsured. Do you have any idea how I am to proceed? In Massachusetts you can not sell or junk a vehicle without a title, and since it is not paid off I do not posses the title. Any help would be appreciated.

    Chris
    this8384's Avatar
    this8384 Posts: 4,564, Reputation: 485
    Ultra Member
    		  
    #2

    Sep 18, 2009, 11:20 AM

    Take the letter from the dealership/finance company in which they state they have no interest in the vehicle to the DMV. I had a customer do that; the DMV considered the letter to be a release of lien and gave him a clean title so he could sell the car.
    ballengerb1's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
    		  
    #3

    Sep 18, 2009, 12:58 PM

    Why do you not have insurance of this vehicle, if it is stolen you still owe the money. If you aren't making payments and they do not take the acr just keep using it.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #4

    Sep 18, 2009, 01:05 PM
    Hello c:

    Just because you want to give it back does NOT mean they have to accept it. These guys didn't. You still owe for the car, and they'll sue for it. Plus, when the cops take it away, since you're the last registered owner, you'll be billed for towing and junking the car...

    The BEST thing you can do, is SELL the car, if you haven't trashed it, and pay off the note.

    excon
    this8384's Avatar
    this8384 Posts: 4,564, Reputation: 485
    Ultra Member
    		  
    #5

    Sep 18, 2009, 01:20 PM
    Quote Originally Posted by excon View Post
    The BEST thing you can do, is SELL the car, if you haven't trashed it, and pay off the note.
    Partially disagree. The title cannot be transferred without a lien release, which means that if the OP doesn't collect what he owes, the buyer will be driving a car around illegally.

    I still say take the letter to the DMV and try to get a clean title. If you do, then sell the car.

    EDIT: I misread. Apparently, the dealer was smart enough to only tell you that they don't want the car by phone. Get it in writing.
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