I need some help on abandoning my car?
I have a car, that is now totaled bc of an accident. The loan, I'm still paying on it, the place (credit acceptance) that gave me the loan isnt interested in the car, they WONT repossess the car!!!! I told them that I'm still pyin on it; i even asked them why dont they take off the lien on the title so i can atleast junk the vehicle??? they tell me "NO". So, im stuck w/ this car!!! I was thinkin to drop the car off at the corp. office prkin lot, since they wont come get it, but i was told I'll be billed for abandonment, after they run the vin and such, so I'm thinkin.. cant i just scratch the vin numbers off??? and then adandon the vehicle??? the plate is removed and my paper work is also out of the car?
I cant sell the car!!!! the bank wont take OFF the lein on the title!!!!!! they tell me to py off the car, before they release the title!!!! and they wont take the car!!!!!
Errol, can I assume you didnt have full coverage insurance at the time of the accident? If, for any reason, you do have full coverage, the insurance company will pay the value of the vehicle. If you have had an accident without coverage, then you have no choice in the matter but to keep the wreck until it is paid in full. Once you get clear title, you can junk it. I have to disagree with the above poster who tells you to junk the vehicle now. You cannot sell or junk a vehicle that you do not have clear title on. And your loan company is correct. If you simply drop the car off at their property, there are several places that the VIN is ( such as under the gas tank) and they will find out it is yours and you are looking at further legal problems. It places you between a rock and a hard place, but without proper insurance ( if that is the case ), you dont have any choice in the matter. Best of luck to you and I hope this helps you somewhat.
