My question involves an auto loan or repossession in the State of: New Jersey.
We had an SUV that was leased with GMAC. It was behind in payments, and already repo'd once (I'm not going to get into it, but the first repo was a mistake in itself which I am looking to eventually going to get taken care of and off of my report).
They are saying that because this is the second repo, they do not want to allow us to bring the car up to date and keep it. Instead, they demand all or nothing. All is $30,000.
We had the money in hand the day of the repo to to pay the late payments and bring the car up to date, including repo fees ($1700- 2 months behind and repo fees). We were refused about 10 times between different people, including 2 supervisors.
Had we any any idea it was going to be repod, we would have IMMEDIATELY paid them. We though we were ok to pay on the same date we usually do (about 6 days later than they repod it a 1am)
We then hired a lawyer, paid him $500 to get our car back and allow us to bring it up to date. Well he said they aren't budging.
Now instead of allowing us to bring it up to date, they want the entire $30,000 remaining balance, or the car gets sold at auction and we have to pay the difference. WE WANTED TO PAY WHAT WE OWED!
Isn't there some way to get this car back and bring it up to date before it gets sold??
Thanks

