Texas Vehicle Repossession Laws?

[denzell]

My brothers vehicle was repossessed on a thursday when they did not receive his payment in time, the following monday they told him they already sent it to the Auction center. They told him they would email the auction people to get his car back but he would have to pay for any repairs they made on his car. Isn't there a law that requires the company to give the consumer 30-60 days before they sell it? Doesn't seem right after 2 business days there about to sell it and making him pay for the repairs they make if he gets it back?

[oakley]

Your car isn't repossessed after missing just one payment. You have several months to make payments before they repossess it, so quibbling over how quickly they got the car to auction is pretty ridiculous.

ADD: Repossession is not yet another process to try and get you to pay. It's about the creditor getting their money back. Once it is repossessed he has absolutely no claim to that car whatsoever. The repo company has no obligation to hold on to it for more than 1 minute after it is repossessed. They have no obligation to sell it back to him AT ALL, so if they choose to ask for repair costs he has the option to either agree or not get the car back.

[arrigo]

It's repossessed. It's not his car any more. He defaulted on the loan, so he no longer owns the car. It does sound like they are nice enough to try to get the car back for him, but they are not required to.


*EDIT* - He was 3 months late, and made a deal to pay 2 months to keep the car. But he was late on that payment. So he does not have a very good track record as far as trust goes with the finance company. They are within their right to repo the car. And yes, if they have to do repairs to get it ready for auction, then he owes them for that.

[elkanah1]

You didn't say how overdue the payment was when they repossessed the car. I'll bet it was a lot more than 2 business days. Normally cars don't get repossessed until they are a couple of months overdue.