Mar
02
Is voluntary repossession of a heavy equipment a good option if your other personal credits are still good?
ByI’m selling our dump truck and bobcat right now but business has really been slow. Should I just voluntarily have it repossessed right now rather than pay for it from my personal funds and eventually still lose it later on?
Quick Property Sale
What are the steps to do a voluntary vehicle repossession? My husband recently had an accident, his not working. Were not able to pay the car anymore. The lender told us, if we do a voluntary reposession on the vehicle that they will sell it on an auction and depends what the price they sell the car and the...
Equipment Leasing and Financing, All Industries For the equipment leasing and financing industry in 2008, economic times were no different than most U.S Industries. The transaction and sale volume as a whole was rapidly declining as we draw to the close of this year. Many lenders, lessor/brokers were either in an illiquid position or possibly...
How can a voluntary repossession hurt you? My husband and I live in a crap, crap, crap, did I mention crap mobile home. Well, now we need to buy a house becuase our place is falling apart and I **** that my son has to grow up in such a POS. Anyway, we still owe on...
How does a voluntary repossession affect your credit? Here is the deal. I have a $535 per month car note. I can afford it, but I would love to get a lower payment so that I can pay some principle down on my home. The new car note would be $237 or less. Thats ~$298, approximately back...
How will a voluntary repossession affect my credit? I took out an auto loan for my brother to get a car last Feb. He failed to pay, so I took the car back and have been making payments for the last three months. I’ve listed the car for sale several times on Ebay, in the local newspaper,...




































3 Comments
March 3rd, 2009 at 9:30 am
I would not let it get repossessed. When that happens it will be sold and say you owe 10,000 and they get 5,000 from the sale. You will be sued for the balance. You will still be paying for something that you do not have. And they will make you pay for it. I would keep the payments up and keep trying to sell it. Advertise it better. Good luck.
March 3rd, 2009 at 9:36 am
Try to find some Affiliate program on internet or anywhere so it will bust of your bussiness at least you survive with ur business
March 12th, 2009 at 9:59 am
Manufacturers of heavy construction equipment are being particularly hard hit by the current record prices of commodities, such as steel, oil, iron ore and rubber. Yes. we have a great industry. I want to buy this equipments at komatpillar.com