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Old 16-02-2012, 12:41 PM   #33
Spudz27
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Join Date: May 2008
Posts: 1,995
Default Re: How much is my car worth?

Quote:
Originally Posted by 302 XC
Even if and when you hit the wall , most financiers will come to some agreement with payments
The last resort for all parties is the repo route
This usually entails additional fees, that are added onto your final payout
Wether that be towing costs, storage costs, and the repo man, you will be slugged all this
Even after its repoed they usually give you a period of time to correct the situation , the car doesnt get taken monday and at auction tuesday
That aside , it seems that although you have money perhaps owing after estate settles, your dad or whatever you refer to him as, can be a right pain
Unless the estate or will states that % of procceds goes straght to you you gunna have another battle on your hands extracting said amount from another person
No 1/3rd goes to myself and my brother and sister. We split that in 3rds again. Let's just say without announcing the amount, it will allow me to pay out all debts and still have some left. But it won't be much, hence still selling a car. I don't want to have spent it all on debt. My gran would be happy it paid out my debts and save most of the remainder, but she would also like to see me have some joy, so we decided 1k was for toys we can't afford, 1k ea to my kids in a trust fund. A small holiday 400km away the rest in term deposit and use interest for things like holidays etc in future.
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