Can Insurance Compies Repo My Skyline?

[jinkz]

ok i had a accident with my other car last year and rear ended this mazda 6 not nice:( had no insurance on my car at the time... ok well this year the insurance company of the other car sent my claims of $10.6k to pay bak to them.....

Ok well i havnt got $10k

but i could to a payment plan but i dont wana give them heaps maybe 5-10 bucks per week?

or could i get out of payin it all together due to me not haveing enough cash flow?

2day lol ive got a letter from this Asset Recovery guy....? Now at this moement im thinking F7Ck is he going to take my 33" and is he able to do so evan tho the car is the only asset besides my smashd car in the back yard just sitting.?

has anyone got away with paying insurance pplz?

Or what do u recon i should do b4 things get realli bad

[Paradizzle]

How about pay for the damage you caused?

[paulr33]

you should speak to them soon, you can get a bad credit rating for 7 years if you muck around and avoid them

[nice 28]

but i could to a payment plan but i dont wana give them heaps maybe 5-10 bucks per week?

yer mate they will let u pay it off 10 bux a week

it'll only take 20years and 3 months or something (literally, go use a calculator).

I think it will be a good lesson for you if they take away your 33 because then it might teach you to be a man and take responsibility for what was your fault, im reffering to what you said below

has anyone got away with paying insurance pplz?

[krzysiu]

Should be illegal to drive without 3rd party, to protect me from idiots like you.

Edited August 1, 2007 by krzysiu

[R31Nismoid]

Sell the car, learn from your mistake.

Move on.

Simple really, you have no option.

[LTHLRB]

let them take it, ill buy it, then ill sell it to ya

[Rav]

I work at a car auction so iam around repo cars all the time never heard of them taken some one car for dat type of reson b4.

[LTHLRB]

rav, if your liable for 10k and you have something "worth" 10k, you will lose it as a liability

[Rav]

rav, if your liable for 10k and you have something "worth" 10k, you will lose it as a liability

most likly you would just have to go on one of those payment plans.

[700HP-GTR33]

They will chase you...and threaten you....thats all they can do.

If they chat to you again...say you have no money and ill without work and counting your pennies...

This is why you had no insurance on your car.

If you have assets(house shares investments)and they find out they will take you to court...then get a sheriff

to act.

You know...If you have a $500,000 house....drive a car with no insurance(Third Party)..and hit a Ferrari or

any valuable car...you will loose your house...that is for sure.

If they find you cannot pay..have no assets..and not willing to pay anything

they will eventually sell that amount to a another company who will then show it as a bad debt and get

to claim it on their tax....(yeah...stupid but a lot of companies pay to have your debt...lol)

But personally..hope they take you to court and then take your car away.

Take $100 out of your wage weekly.

This is why it costs all of us and why premiums rise every year.

Third party insurance should come every year..attached to your registration....what sort of rules do we have here?

[jinkz]

yeah well im not going to let them take my 33 i worked to hard to get that car.....well wen i had the accident i wasnt workin at the time just could afford a cheapo 400 buck car....look not everone can afford insurance....and its a risk you take when your broke...( I'm sure Kryzsiu, if you didnt have money and just evought to get by...i think you would understand or maybe not....)

but yeah just did some research and found outs a few things

but yeah payment plan sounds good....but ill talk to them further and see what happends

[jinkz]

take me 2 court for what its just a waste of time....i dont earn much....and all i got is the car...if worst comes to worst ill let them take it or ill transfer it to my girl frends name

and yes third party should come every year..attached to your registration

[JAGR33]

if worst comes to worst ill let them take it or ill transfer it to my girl frends name

its a lose lose situation there...

[700HP-GTR33]

take me 2 court for what its just a waste of time....i dont earn much....and all i got is the car...if worst comes to worst ill let them take it or ill transfer it to my girl frends name

and yes third party should come every year..attached to your registration

Hey don't be so depressed...I work with some one in the same boat as you..LOL

If you could not afford it then and you can't afford it now...don't even think of a payment option.

Move on......

tell them you can't pay....they will send you demanding letters on payments needed to be paid by a particular day

DON'T PAY A CENT...........believe me....it works....

They make money on me...and I am happy they lose some to you.

That is why I and others pay premium prices for insurance , not only because we can afford it.

It also makes the World turn around

[R31Nismoid]

Golden rule.

If you cant afford to insure a car with at least 3rd party, then dont have one

[krzysiu]

if worst comes to worst ill let them take it or ill transfer it to my girl frends name

I think they are more clever then that now days and don't think you would get away with it.

[khunjeng]

bad luck...lesson learned. seel ur car and pay ur debt. As Paul said u dont want a bad credit rating as it hangs around for ever in various forms and if u wanna buy a house, this may be an issue down the track.

Take the train.

Alternativly tell them your a victim of the current Sub-prime morgage downturn and lost all ur money and tell them to take u to court, as mentioned no assests...probably not going to do much.

[Paradizzle]

yeah well im not going to let them take my 33 i worked to hard to get that car.....well wen i had the accident i wasnt workin at the time just could afford a cheapo 400 buck car....look not everone can afford insurance....and its a risk you take when your broke...

Imagine if someone smashed your car beyond repair and turned around and said sorry no insurance..... regardless if you worked hard or not, you took the risk of not having insurance, so you should face the consequences.

[RCHOO]

OK..

1st things first.

Loose your avatar pic it looks gay..

Now as most of the guys have given you there 2 cents worth witch i will say is all correct

You will have to pay for this 1 way or another no way around it..

They will not take 5 dollars a week...this is not a phone bill

You will need to borrow the money from somewhere.

Do you own the R33 (are you paying it off)?

Is it in your name?

What can you do to help yourself..???

Remember if they take your car and only get 4000 for it a action you will still have to give them 6500

My advice ..See a solicitor( NOW ) not next week..