lost my car
Thread Starter
Instructor
Joined: Jan 2007
Posts: 191
Likes: 0
From: san diego cali
lost my car
well after 2 months of trying to find a new job with no luck and not being able to come up with the payments the bank repossessed my car and will auction it later this month. only way to get it back is to pay whats left on the loan in full, thats not gong to happen. i did manage to get up to date with the payments this week but seems like thats not going to get my car back. not trying to pity myself just venting i guess. it becomes a cycle of trying to get a car, but dont have a job to pay for it because now i dont have a car to get to work. plus my credit is now down the drain.
she will be missed and hopefully in the future i will be able to own another corvette. i knew it was my responsibility when i got the car that it would be hard working and gong to school but i thought i would be able to do it, i dont think i will ever be attached to another material object that i spent so many hours of enjoying, working on and caring for... its a hard lesson that i hope to learn from someday.
she will be missed and hopefully in the future i will be able to own another corvette. i knew it was my responsibility when i got the car that it would be hard working and gong to school but i thought i would be able to do it, i dont think i will ever be attached to another material object that i spent so many hours of enjoying, working on and caring for... its a hard lesson that i hope to learn from someday.
Racer
Joined: Oct 2004
Posts: 288
Likes: 18
From: Somerset PA
Hope it sells for at least what is still owed on it.
If it sells for less, you are still on the hook to make up the difference. Although if it sells for more, the bank keeps it all.
Found this out the hard way 12 years ago with my ex girlfriend's Sunbird Convertible... She didn't have a job at the time, so even though it was her car, my name was on the loan, and I had to pay the entire difference!
So, in addition to having her mess up my credit, I needed to come up with $4000 for a car that I never owned!
I learned an important lesson that day!
Sorry to hear about your misfortune! But hang in there, it's happened to more of us than you know!
If it sells for less, you are still on the hook to make up the difference. Although if it sells for more, the bank keeps it all.
Found this out the hard way 12 years ago with my ex girlfriend's Sunbird Convertible... She didn't have a job at the time, so even though it was her car, my name was on the loan, and I had to pay the entire difference!
So, in addition to having her mess up my credit, I needed to come up with $4000 for a car that I never owned!
I learned an important lesson that day!
Sorry to hear about your misfortune! But hang in there, it's happened to more of us than you know!
Drifting
Joined: Jan 2005
Posts: 1,517
Likes: 0
Good luck brother, there's got to be work within walking distance though.. get a job and save to buy another c5 cash- they're only coming down in price.. then you own it no matter what the job situation 
Good luck with school and a job -it's not as easy as some people make it seem.. just stick out the school part!!
Good luck with school and a job -it's not as easy as some people make it seem.. just stick out the school part!!
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer
Brett Foote
10 Things Every Corvette Owner Needs (2026 Edition)
Michael S. Palmer
8 Most "Only Corvette Owners Understand" Quirks and Problems
Pouria Savadkouei
10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years
Joe Kucinski
How Much Horsepower Every Corvette Engine "LOST" in 1972
Joe Kucinski
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!
Michael S. Palmer
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Melting Slicks
Joined: Apr 2007
Posts: 2,916
Likes: 1
From: West Palm Beach Florida
Thread Starter
Instructor
Joined: Jan 2007
Posts: 191
Likes: 0
From: san diego cali
thanks everyone, ive been googling around and theres places im going to call tomorrow saying that they should be able to help me since i do have the founds to make the late payments...and yeah its going to suck if they sell it for half of what i owe.
Drifting
Joined: Feb 2008
Posts: 1,617
Likes: 2
From: San Diego California
Whatever happens, there will always be a vette for you. Times are tougher and we all need to be prepared. I feel your pain and I hope everything works out, because it has too. Buck up little camper, you'll be back in no time.
