|
|
|
|
Thread Tools | Display Modes |
01-12-2010, 08:04 PM | #1 |
Scooby Guru
Member#: 149001
Join Date: May 2007
Chapter/Region:
TXIC
Vehicle:16 FiST ex 07 WRX |
Chase Auto Finance: The Ride is Over
Most of the active members here know that I was unemployed for 13 months until October 2009. During that time I begged, borrowed and dealed to pay my bills.
As of Thanksgiving I was 120 days behind on my car payment. In December I was able to make three payments (480 each) and bring the car within 30 days. On Monday Jan 4 I called and set up a payment for that friday bringing my car to only 12 days late. Monday night, the repo men show up and take my car. I start making calls the next day to figure out how to get the car back. After faxing nearly any information about me in existence to Chase they gave me a number. $2566.20. Thats December's payment and paying January's payment 2 weeks early as well as 1600 in repo fees! 1600!!! If I had an extra 1600 I wouldnt be in this situation. I am thinking they were waiting to get my 3 payments then come get the car. I sent them a proposal this past Friday. I said I would pay two payments and 400 of their repo fee by the end of January. I went all the way up the ladder and was denied by everyone and anyone. So officially the car is theirs. I dont want it back at that cost. After talking to Dad and his financial advisor, they both suggested to not pay Chase a penny and allow them to hit my credit. The repo on my credit apparently will not make it any worse than the 13 months with no income did. So there it is. No more Subaru for me. Luckily I bought my brother a 97 Accord v6 a while back with cash. He moved back to Oregon Sunday so I at least have transportation, however I by-passed the leaking heater core this summer so I have no heater. If any of you run accross a OBP 07 WRX with 08 WRX wheels at auction or a lot, dont buy it. It has a stuck/loudly ticking valve in the driver's side head. It was supposed to go to SOP last Thursday for a new motor under warranty. It obviously didnt make it. Already had 2 and 4 pistons and rings done under warranty last year. Good news- with Insurance and car payment going down I have close to 600 a month to save. Bad news- no more fun car.
* Registered users of the site do not see these ads.
Last edited by lackofhp; 01-12-2010 at 09:13 PM. Reason: Had October 2008 |
01-12-2010, 08:13 PM | #2 |
A. Moderator
Moderator Member#: 21095
Join Date: Jul 2002
Chapter/Region:
TXIC
Location: Miss you, Charlie Murphy.
Vehicle:RIP KTH & LMFH '09 Crystal red Tintcoat |
You can find a fun car for under $3k. Shouldn't take you too long to get that grip either. I'd rather drive a lesser car and have more in the bank than vice versa.
Mika |
01-12-2010, 08:15 PM | #3 |
Scooby Guru
Member#: 149001
Join Date: May 2007
Chapter/Region:
TXIC
Vehicle:16 FiST ex 07 WRX |
|
01-12-2010, 08:20 PM | #4 |
A. Moderator
Moderator Member#: 21095
Join Date: Jul 2002
Chapter/Region:
TXIC
Location: Miss you, Charlie Murphy.
Vehicle:RIP KTH & LMFH '09 Crystal red Tintcoat |
Hell, the SHO I bought back in the day cost me $1100. And then $200, and then $150... But seriously, just save up and drive that Accord out. In the meantime, find something that's reasonably fun and inexpensive and when the time hits, get it. I've been eyeing Grand Prix GTP's. Big boats, but good power and can be made to be pretty quick for cheap. Handles like a barge though.
We're here for ya if you want entertainment. I should be there this Friday(Taco Cabana)....gonna try to make it at least. Mika |
01-12-2010, 08:27 PM | #5 |
Scooby Specialist
Member#: 143164
Join Date: Mar 2007
Chapter/Region:
TXIC
Location: Keller, TX
Vehicle:06 AW WRX |
Damn Shawn.. sorry to hear.
|
01-12-2010, 09:08 PM | #6 | |
Scooby Specialist
Member#: 13181
Join Date: Dec 2001
Chapter/Region:
TXIC
Location: The Schlit
Vehicle:97 Supra FAST |
Quote:
but in all seriousness it definitely looks like they were trying to wait until you paid them every penny you had, the fact that you paid it to with in 12 days behind (which is with in most loan companies grace period) and THEN They decide to take it is pretty f'kd up... I would actually wonder if that's actionable, did you have any payment agreements in place with them? That's why i park in a garage - okay that's not why, but at least if I see the repo man peaking in my window i can shoot his ass... |
|
01-12-2010, 09:40 PM | #7 | |
Scooby Guru
Member#: 149001
Join Date: May 2007
Chapter/Region:
TXIC
Vehicle:16 FiST ex 07 WRX |
Quote:
the payment I had scheduled would have made it 12 days behind they picked it up at 42 days or something along those lines. Needless to say I cancelled that payment. Only thing I lost was my Alpine media player, satellite radio equipment and boost gauge. I couldnt take anything out that was bolted to the car. Guess it's good it was all parted out over the last 10 months. |
|
01-12-2010, 10:23 PM | #8 |
Scooby Specialist
Member#: 181858
Join Date: Jun 2008
Chapter/Region:
TXIC
Location: State of Confusion
Vehicle:2016 WRXcwp,04WRXsrr 15Outbacktungstenmtallica |
I will never finance through Chase again, due to their credit card practices.
|
01-12-2010, 10:27 PM | #9 |
Top Scoob 024
Member#: 56364
Join Date: Mar 2004
Chapter/Region:
International
Location: houston, texas
Vehicle:RIP stompr :( bagged vulvva |
at least the last payment was canceled.
|
01-12-2010, 10:32 PM | #10 |
Scooby Specialist
Member#: 99393
Join Date: Oct 2005
Chapter/Region:
TXIC
Location: Round Rock, Texas
Vehicle:1997 Supra Turbo |
|
01-12-2010, 10:44 PM | #11 |
Scooby Specialist
Member#: 117300
Join Date: Jun 2006
|
I'm not sure either...
I bank with them (well... just checking.. screw investments or .01% savings..) I got screwed by one of their personal bankers... long story short credit limit went from around 7.500 to 3.500 and they won't raise it... Because I have too high of rotating balances vs limit.. Even though I pay in full every month It's screwed me so badly finding credit cards elsewhere isn't working well... |
01-12-2010, 10:46 PM | #12 |
Scooby Guru
Member#: 82323
Join Date: Mar 2005
Chapter/Region:
TXIC
Location: Aesir Tactical & Armory
Vehicle:I'm a lead farmer, mother****er! |
They jack up your APR even if you've been paying on time. Or they lower your credit line. Or cancel your card. They did the first and second to me and I haven't missed a payment in over two years.
That sucks Shawn. Rock the Accord until it dies man. That way you'll be back on your feet with money saved up to buy something fun. Remember my old ass Volvo? Transmission ****ed out at 352,000 miles, and I had saved enough money to buy the MINI. You'll get back going again man. Screw Chase. Their stock sucks anyway. |
01-12-2010, 10:48 PM | #13 |
Scooby Specialist
Member#: 200586
Join Date: Jan 2009
Location: Waco, Texas
Vehicle:1997 Civic I Dream in Suby |
that sucks man. i cant imagine being in your position. luckily you have some wheels and a job.
good luck out there! |
01-12-2010, 10:50 PM | #14 | |
A. Moderator
Moderator Member#: 21095
Join Date: Jul 2002
Chapter/Region:
TXIC
Location: Miss you, Charlie Murphy.
Vehicle:RIP KTH & LMFH '09 Crystal red Tintcoat |
Quote:
Mika |
|
01-12-2010, 10:51 PM | #15 |
Scooby Specialist
Member#: 99393
Join Date: Oct 2005
Chapter/Region:
TXIC
Location: Round Rock, Texas
Vehicle:1997 Supra Turbo |
All Banks are giving next to nothing on their Money Markets, CDs, etc. Credit Unions are probably much better in that respect right now.
|
01-12-2010, 11:04 PM | #16 | ||
Scooby Specialist
Member#: 117300
Join Date: Jun 2006
|
Quote:
I had some cash in a savings account and it literally didn't gain a CENT of interest over the half year or so I was dumb enough to keep it open. Don't even have to file it for taxes, sheesh Quote:
(Vanguard Prime MM FTW ) I guess the good news is the general rise of the market again... |
||
01-12-2010, 11:11 PM | #17 |
Scooby Specialist
Member#: 198026
Join Date: Dec 2008
Chapter/Region:
South East
Location: Asheville/Fletcher, NC
Vehicle:2002 Impreza WRX Nulla Tenaci Invia EstVia |
So I was reading your story and feeling bad for you but then I read this...
then I asked myself why in the heck did he buy an accord while in debt and apparently not being able to keep his other car?? |
01-12-2010, 11:27 PM | #18 |
Scooby Guru
Member#: 82323
Join Date: Mar 2005
Chapter/Region:
TXIC
Location: Aesir Tactical & Armory
Vehicle:I'm a lead farmer, mother****er! |
You've never helped out a family member when they were worse off than you, even though you weren't doing well yourself? Good to know.
|
01-12-2010, 11:39 PM | #19 |
Scooby Specialist
Member#: 117300
Join Date: Jun 2006
|
Sorry you're going through a tough time...
i'd be crushed to lose my car... especially to a bank being ****ty to me |
01-13-2010, 02:40 AM | #20 |
Scooby Guru
Member#: 55869
Join Date: Feb 2004
Chapter/Region:
TXIC
Location: **** Rancid
Vehicle:YOTA Taco M796 |
i was caught in the same situation back in 08 after i blew my motor, except i was only 60 days late and they were already out to get my car, though they couldnt find it, i had no idea, i wasnt even trying to hide it. 2 years later and im 4 payments from getting the title... just keep your head up and dont lose sight of your goals
to spider pig, i was in a similar situation myself, during tough times, the suby needed new tires and an uppipe leak fixed to pass inspection... i dont throw ****ty tires on the scoob, so i parked it, bought a 95 accord for 400 bucks to drive for a while... it happens |
01-13-2010, 05:26 AM | #21 | |
*** Banned ***
Member#: 203370
Join Date: Feb 2009
Location: Dallas
Vehicle:2005 Wrx VF39 |
Quote:
All credit card companies do that |
|
01-13-2010, 09:04 AM | #22 |
Scooby Guru
Member#: 26859
Join Date: Oct 2002
Chapter/Region:
TXIC
Location: undisputed COMBAT! champion
Vehicle:of TXIC I also like (oYo)!!!! |
|
01-13-2010, 09:42 AM | #23 |
Scooby Specialist
Member#: 127704
Join Date: Oct 2006
Chapter/Region:
TXIC
Location: TX/Austin
Vehicle:2015 Boosted Stang MAP tuned |
Sucks.
what happens now with the repo debt and the loss on the car, does CHASE come after you for the balance? Did they not tell you the repo was going to be executed? or did the guys just show up? |
01-13-2010, 10:30 AM | #24 |
Scooby Specialist
Member#: 94527
Join Date: Aug 2005
Chapter/Region:
HIIC
Location: sitting in front of the
Vehicle:TV, watching Chopped... |
|
01-13-2010, 10:56 AM | #25 |
Scooby Specialist
Member#: 127704
Join Date: Oct 2006
Chapter/Region:
TXIC
Location: TX/Austin
Vehicle:2015 Boosted Stang MAP tuned |
^ so more repo of goods etc, court? I am not origianally from the USA, in the UK we typically get some gorilla turn up with some henchmen lol
|
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
The joke is over, so save the WTLW for someone who cares | richde | Off-Topic | 11 | 06-23-2007 09:27 AM |
The wait is over 249.5 HP 211.7TQ at the wheels | JayGold | Mid West Subaru Owners Club Forum -- MWSOC | 4 | 12-31-2003 10:49 AM |
Now that the rain is over, post pics of your fun in the mud! | thebusiness999 | Southern California Impreza Club Forum -- SCIC | 11 | 02-19-2003 07:36 PM |
The wait is over! 3.0ID" Turbo-back and Cat-back for Turbo'd cars now here! | GTBGUY | Factory 2.0L Turbo Powertrain (EJ Series Factory 2.0L Turbo) | 80 | 08-13-2001 12:30 PM |
The search is OVER!!! | Danny5 | South West Impreza Club Forum -- SWIC | 18 | 05-03-2001 10:25 PM |