Complaint Review: Auto Junction Inc. Of Bradford PA

And either way, you now will have a repo on your credit and will still owe on your previous vehicle.

If you had no trouble getting financed through Ford why did you go to a Buy Here/Pay Here place?

But that not with standing. When a car is Reposessed they will add in the cost of the Repo, Storage, and Auction cost to your loan balance and take off what the car was sold for. Either leaving you with a deficency balance, or being owed money back.

For example:
Loan Balance at time of Repo - $10,000
Repo Cost $300
Storage $300
Sold Car for $7000
- In this example you would still be responsible for $3600(10,000+300+300-7000)

But if they sold the car for $12,000 instead of owing $3600 they would owe you $1400.

With a Buy Here/Pay Here place, you need to read your contract to see if you agreed to anything different. But the Repo laws of your state should still be in effect. So if they are coming after you, you are entitled to know the complete breakdown of the account. If they can't provide that, it would be very unlikely that they could collect in court. If what they provide shows that they owe you money you may be able to go after them in court.

So the first thing is verify your contract and the Repo laws and use those to get a complete break-down of all of the costs involved to see if they have grounds to collect, or if you have grounds to sue for money back.

Dee,

Sorry to tell you however, we had no trouble getting financed through Ford. And have always made our payments on time which will be paid off in acouple of months. Therefore, Auto Junction does nothing but rip people off and I know for a fact the vehicle was resold and for more than what was left on the loan. The people had trouble with it and sent it back and Luke resold it again. So for the whole year I paid on this vehicle and other's who purchased it and then another sucker. It was well paid for.

The car lot loaned you a certain amount of money for the purchase of the truck. If the vehicle was not worth that much, then why would you agree to pay that much? That's a big part of the problem. It doesn't matter if the car lot is a bank or not. You still agreed to pay X dollars and they have the right to collect the balance, minus the amount received for reselling it, plus repo fees.

I understand that you feel you're getting a raw deal here. I have no doubt you paid too much for the truck (common at buy here, pay here lots), but the bottom line is that no one forced you to agree to such a deal. I often tell people that if they have to resort to buying at a buy here, pay here lot, they can't really afford to buy at all. Between the high prices and crazy interest rates, it'll just put you in a debt hole for years longer. I bought my first car at one of those places and I would have been much better off just saving up the money that I had to make in payments. I would have had enough to pay cash in less than half the time (and half the money) it ended up costing me.

Even when a Buy Here Pay Here type of place you still signed a contract promising to make all payments on your vehicle until it was paid off. Since you did not honor your part of that contract, the vehicle was repo'd and resold, per the terms you agreed to. You STILL owe the balance minus what they were able to get by reselling the car because of the contract YOU signed. Good luck getting financing after burning your bridge on a 2nd chance auto contract.