- Report: #802074
Complaint Review: Capital one auto finance
| Capital one auto finance P.O box 93016,Long beach CA,90809-3016
Long Beach, California United States of America |
|
Capital one auto finance I Juan Guity Melendez have a car loan 16.55% APR ,for 72 months with Capital one .for a vehicle price of 28,725, I have being making payments of 647.80 since 03/27/06.even thouth i have 3 payments beh Long Beach, California
*Consumer Comment: How is this a ripoff?
*Consumer Comment: Sorry for your recent trouble.
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This report was posted on Ripoff Report on 11/27/2011 12:09 PM and is a permanent record located here: http://www.ripoffreport.com/r/Capital-one-auto-finance/Long-Beach-California-90809-3016/Capital-one-auto-finance-I-Juan-Guity-Melendez-have-a-car-loan-1655-APR-for-72-months-802074. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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Search Tips#1 Consumer Comment
How is this a ripoff?
AUTHOR: Flynrider - (USA)
SUBMITTED: Monday, November 28, 2011
You're three months behind and you think it's a ripoff that your car got repoed? Wow. Just for fun, at what point do YOU think a repo would be fair? Six months? A year?
You agreed to make on time payments for six years. You didn't live up to your end of the agreement. When that happens, the lender repossesses the security for the loan. Most people know this. I'm not understanding why you don't.
"the car was repossed without notification "
Stop and think about this for a second. Pretend you are the bank and you have decided to cover your financial butt by repossessing a car from a chronic late payer. Would you notify this person in advance that you are coming for the car? What do you think would happen to the car by the time you got there? This ain't rocket science. The notion that a lender is supposed to warn you ahead of time that they'll be repossessing is comical. Delinquent borrowers should expect repossession any time they are past due on a loan. That's your notification.
#2 Consumer Comment
Sorry for your recent trouble.
AUTHOR: Ken - (USA)
SUBMITTED: Sunday, November 27, 2011
I'm surprised they waited until you were 90 days delinquent to repossess...and NO, they don't have to provide notification to you of when they're going to repo it.
If asked, they will tell you the location so you can pick up any personal property from the car.
Good luck to you, hope it works out for you.

