D K
Jacksonville,#2Consumer Suggestion
Tue, January 27, 2009
CitiGroup did NOT buy that jet LOL They agreed to purchase it in 2005 and were supposed to take possession of it later this year. That deal has now been cancelled. NOW-- you say you were having financial difficulty? How many payments were you behind? They can repo the car as soon as you are late as being late is actually a default on your contract. A finance company does not want to repo a car, they want you to make payments. If they have to repo and auction it off, they are still out money so they have to come back to you, hoping to get it. More often than not they are not able to collect this money and lose out. Remember they paid out the money FOR YOU and have every right to expect you to pay them back as promised.