Amount left hired is $4700.
Balance is $700-not a problem to pay.
What are my option to get around paying $4700?
What states one and only allow full amount paid? I live contained by Texas.
Answers: After a car is repo'ed, the company *must* attempt to mitigate their damages. Meaning, they enjoy to try to sell the motor - this is usually done via auction. Once the car is sold, the amount that they obtain is deducted from the set off left on the loan/lease and this remainder is the amount that you would owe + any auction fees and collection costs (or what ever fees that they are entitled to contained by the contract).
ok do not understand you math of the 4700 and 700 -- but beside that said you have a signed contract near the company and if they say you owe 4700 i would influence there data are correct -- your option is to tolerate then mart the car - take what they can and you will owe the difference!
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Balance is $700-not a problem to pay.
What are my option to get around paying $4700?
What states one and only allow full amount paid? I live contained by Texas.
Answers: After a car is repo'ed, the company *must* attempt to mitigate their damages. Meaning, they enjoy to try to sell the motor - this is usually done via auction. Once the car is sold, the amount that they obtain is deducted from the set off left on the loan/lease and this remainder is the amount that you would owe + any auction fees and collection costs (or what ever fees that they are entitled to contained by the contract).
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ok do not understand you math of the 4700 and 700 -- but beside that said you have a signed contract near the company and if they say you owe 4700 i would influence there data are correct -- your option is to tolerate then mart the car - take what they can and you will owe the difference!
Resolved Questions: