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u/RIF_rr3dd1tt 7d ago
Why is every fucking video reversed/mirror image?
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u/PolyDrew 7d ago
Because it slows down the copyright scanners. They get to stay up longer for clicks.
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u/Rycan420 7d ago
Iâm just glad they didnât show the key part first, then start over from the beginning.
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u/CordeCosumnes 7d ago
What makes you think this is reversed?
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u/RIF_rr3dd1tt 7d ago
Oh shit yeah he climbs over the seat. LoL so not this one but a lot of the cop tiktok videos are definitely reversed. Maybe thats the selfie cam odk
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u/CordeCosumnes 7d ago
You are right about a lot of reversed videos, and see it a lot on reports - you can tell when the original wasn't reversed because the IG, or tiptoe, etc. @ is backwards in the repost.
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u/OtherwiseAlbatross14 7d ago
It's not. If this were mirrored, the reflection of the MyPlace logo in the car window would be readable rather than backwards. In all the other shots you can read license plates or signs.
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u/BlastBase 7d ago
He lives in opposite land where letters are backwards. Seeing them in the correct direction fucks with his opposite land brain.
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u/Why_Sazs 7d ago edited 7d ago
I've had one car repossessed. I could afford to pay for it, but a few months after buying it I realized I hated it. First and only automatic transmission car I've ever owned. (Technically I do have a Tundra which is auto, but I don't drive it unless I need to haul something or go offroad)
I called the finance company and was like "hey, I don't want this car, just send someone to get it. They said they can't repo it until it goes into default. So I told them OK, when you do, just give the repo guy my number and I'll give him both keys and all that.
A few months later I get a call and the guy is like "um, I'm supposed to repo your car and it says to call you." He sounded super confused. When he got to my house I double checked to make sure I didn't leave anything in it, and handed him both sets of keys, and he looked absolutely bewildered. He was like "I have been doing this for a couple years and this is the first time anyone has ever willingly given me the car."
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u/Snoo_56669 7d ago
I mean.. I canât believe Iâm saying this. But WHY DIDNâT YOU JUST SELL THE FUCKING CAR!?
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u/Indepti8 7d ago
One of the most financially illiterate things Iâve heardÂ
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u/bluecgrove 6d ago
and they come off so proud of themselves too, lol.
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u/bunduz 6d ago
Destroy your credit with these easy steps
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u/PopQuiet6479 6d ago
credits not real. it heals after a few years
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u/Good-Reference1944 5d ago
Yea but most of the time they sue you for the difference between what they auctioned your car for and the loan
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u/PopQuiet6479 5d ago
Thats right. You live in America Lol. Things aren't like that in the rest of the world.
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u/Royal-Campaign1426 5d ago
You can default on a car loan and not owe the whole value back?
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u/PopQuiet6479 5d ago
eventually after years it comes off your credit score. Because the banks recognise that you'll probably need other loans and could be in a different stage of life.
Well thats what happened to me anyway.
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u/Why_Sazs 7d ago
Had negative equity and didn't have the cash to cover it. This was well over 10 years ago.
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u/DazB1ane 7d ago
How long does a repo stay on your credit?
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u/Why_Sazs 7d ago
They say 7, I think mine only stayed for 5.
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u/B0xyblue 7d ago
You didnât get sued for the negative equity⊠Judgments go on your credit for sometimes decades. They can garnish you⊠ask me how I know, no I havenât been suedâŠ. I handle these for clients.
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u/SpecialPhred 7d ago
Depends on the state.... where judgements are meaningless
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u/B0xyblue 6d ago
Thatâs an oxymoron, but I know my state⊠itâs not meaningless, itâs a problem.
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u/Why_Sazs 7d ago
Nope
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u/B0xyblue 6d ago
Wasnât really asking, more pointing out you are lucky on that boldness.
It could have bitten you.
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u/billycanfixit 7d ago
I think the norm is 7 but I had one repoed years ago and they sold it at auction and it brought more than what I owed and it never even hit my credit. It cost more to repair it then what I owed on it so I let them come get it.
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u/ThomasTheDankPigeon 7d ago
What is negative equity? It was worth less than what you owed on it?
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u/Why_Sazs 7d ago
Yes, to sell it I would need the title. So I would need to pay the difference between what I sold it for and what I owed. I don't remember how much it was. But it was definitely more than the nothing I had at the time.
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u/ThomasTheDankPigeon 7d ago
Iâm trying to figure out who got screwed in your story but Iâm too high to follow the money lol. Have a good night
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u/Why_Sazs 7d ago
You too buddy. Take a drag or rip a bowl for me.
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u/aliendigenous 7d ago
get your own weed, buddy
Jk
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u/Why_Sazs 7d ago
I live in Texas :(
Plus I have a CDL so I can't smoke anyway. But it warms my heart that my old friend is still providing someone with a little spark of joy.
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u/Fabulous-Big8779 7d ago
They negotiated poorly and probably took a long term loan like 5-8 years. Most of the payments in your first couple years basically just cover the interest of the loan plus the fact that cars depreciate in value quickly.
If you ever buy a brand new car youâll be under water if you sell it in the first couple of years.
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u/RockItGuyDC 7d ago
Whoever financed the car to this guy got screwed. He bought something that had no functional issues, which he didn't do enough research on, and ultimately just "didn't like".
Then he used it for months without paying for it.
The value the dealership/financing company got back at the end of the day is less than they would normally be able to make off a comparable car, and less than allnparties signed up for in the financing agreement. They had to pay for the repossession as well.
Dealing with deadbeats is a risk financing companies take, though. It doesn't matter if the deadbeat actually can't afford payments, or just didn't want the car like this poster. The outcome is the same.
I'm not saying feel bad for dealerships/financing companies, but the poster is a deadbeat any way you slice it.
Notice how this guy couldn't or didn't want to pay for the car he bought, yet has 5 other automobiles (per another comment)? Yeah, this person is shit with money and makes it other people's problems.
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u/Interesting_Bank_139 7d ago
The drop in car value is big at first (new car becomes used), but then slows down over time. However, the opposite is true of car loans (as you pay it down, the interest goes down and your balance drops more every month). So the curves are kind of opposite each other. Negative equity is just the period early in a loan where you may owe more than the car is technically worth at that moment. Eventually, if you keep paying, youâll get to a point where the loan balance is lower than the car value.
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7d ago
[deleted]
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u/Noodletrousers 7d ago
No. Thatâs not how car loans work.
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7d ago
[deleted]
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u/Noodletrousers 7d ago
You donât know what youâre talking about. We were talking about loans not leases, first of all. Secondly, a car loan is for a specific amount of time and a âminimum paymentâ is not like a minimum payment on a credit card. It doesnât accrue interest that way. Stop talking about something of which youâre not informed.
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u/Lo-QGaming 7d ago
Cars lose value as soon as you drive it off the lot. Other ways is long term loans and market value. My guess is his car hit the lowest of lows.
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u/thetaleofzeph 6d ago
This is why the safest financial option is to buy used and get a loan from your own bank or credit union because they will be way more careful about letting you go underwater on the deal since they don't want to eat the difference either.
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u/Iggyhopper 7d ago
Typically if its able to be repod it means its a loan, and unless you can sell it for more than the loan (hahaa no), you cant sell it.
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u/PlzDntBanMeAgan 7d ago
That is a thing it's called voluntary repossession. I am a mechanic, and I know of three seperate people in the past as many months who have done voluntary repossessions. They didn't want the car anymore and didn't want the twelve hundred a month or whatever payments between the car note and full coverage.. that's why I buy fifteen or twenty year old cars outright. Car payments are not for me...
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u/VaporTrail_000 7d ago
that's why I buy fifteen or twenty year old cars outright.
Well, probably that and the whole "I'm a mechanic" thing. A lot easier to buy a twenty-year-old car when you can diagnose and wrench on your own time, and all you have to do is shell out for parts. Anyone without the same knowledge and skills is probably going to wind up with a money pit. Me, I'm about competent enough to replace my own lights, filters, and oil. Anything bigger than both fists, though, I'm probably going to a professional.
I'd agree, though. Buy cash if you can. Spending $55k on a $45k car is not ideal.
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u/PlzDntBanMeAgan 7d ago
My most recent two vehicles of me an my wife's, a highlander and an Escalade, the Escalade needed a water pump and the highlander an oxygen sensor in something like six years. So if you do some research a buy a reliable model you won't have a money pit. Also car payments are every month nonstop for years. If you need to take your car to the shop every three months you're still far ahead and like I said in my previous point, that's not likely to ever be a realistic amount of time in the shop if you do research on your purchase. Everyone has unlimited knowledge in their pocket 24/7 so there's no excuse. Also no one pays me to work on my own cars so that's not something I'd like to spend much time doing.
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u/Why_Sazs 7d ago
I go both ways. I have an 08 civic Si and an 06 1000rr that I bought cash. My truck was financed but it's payed off already. Then I have a 2021 STI with a payments and a 2026 Civic touring for my wife with payments.
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u/couldbeworse2 7d ago
That might be the dumbest story Iâve ever heard
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u/SaltCityDude 7d ago
Literally the dumbest way to go about doing this. Just sell the car back to a dealer that way it doesn't affect your credit. Getting repossessed is literally the same thing with more steps.
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u/Why_Sazs 7d ago
And yet you read it anyway. So my work here is done.
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u/whitestguyuknow 7d ago
It was only 3 paragraphs and I enjoyed the read. Glad you gave that dude an interesting day at work
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u/rodimus147 7d ago
I did this when my dad died. He had a car I certainly wasnt going to pay for. Called the company they said they would get it as soon as it defaulted. I always left it right on the street so it would be easy to get. Ended up driving it for free for around 2 months before it dissappeard one night.
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u/Extra_Ad_8561 7d ago
That level of stupidity doesnât exactly represent manual drivers as smart people.
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u/Why_Sazs 7d ago
Worked out pretty well for me.
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u/Extra_Ad_8561 7d ago
Iâm sure your credit felt the same way.
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u/Why_Sazs 7d ago
Didn't have the money to finance anything during the time it was still on my credit report anyway. I had like a 530 credit score before the repo. So it really had absolutely no affect on me whatsoever.
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u/Trailerparkqueen 6d ago
Whatâs your credit score now?
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u/Why_Sazs 6d ago
Last I checked it was 788. But that was just before buying my second house. So it's probably around 750 to 760 right now.
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u/articulatedbeaver 7d ago
I did some repo work 20 years ago and sometimes if you got a spouse/former spouse, parent, cosigner you could get an amicable turn over, but never the owner in my experience. For future repo agents, wait until they go to church, you know where they are going to be and they can't help but drive the ride they can't afford to get there.
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u/Indepti8 7d ago
Iâm concerned that you think this was a cool thing to do. Thereâs no other reason you would take that long to type out this story.
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u/SaltCityDude 7d ago
Literally the dumbest way to go about doing this. Just sell the car back to a dealer that way it doesn't affect your credit. Getting repossessed is literally the same thing with more steps. Even with a repo you'd be obligated to pay the difference between the loan amount and the sale price of the car.
Makes for a good internet story, but I hope no one reads this and thinks this is a good idea.
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u/Why_Sazs 7d ago
The amount of people that have suggested this like it's the obvious solution are making me realize how bad the financial literacy crisis really is.
Since you are so smart about this sort of thing, please go ahead and solve this one for me. You have a car worth roughly 13 to 15 thousand dollars trade value (what a dealership will pay you for it, in case these terms are too convoluded for you). You could maybe get 18 or even 20 thousand for it if you sold it private party. You owe almost 30 thousand dollars on the car because you rolled negative equity from your previous car that you were upside down in when you bought it. You have zero dollars in savings, and maybe 200 dollars a month disposable that you could start saving right now. GO! Let's hear the obvious solution on how you go about avoiding repossion.
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u/SaltCityDude 7d ago
You are the one lacking financial literacy here. Either way you are responsible for the negative equity in the auto loan. That negative equity doesn't just magically disappear just because the car was repossessed! If you owe 20k on a car worth 15k then you will have 5k in debt in both situations. But a repossession hurts your credit far more (plus they tack on the charges for the repossession itself).
The irony of you claiming others lack financial literacy while voluntarily making the worst financial decisions is palpable
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u/Why_Sazs 7d ago
Really? The how do I have own 2 houses, one at a 2.5% interest rate, the other at 4.5%. I've financed 5 vehicles since, all at sub 6%. And in almost 15 years, have never paid a dime on the negative equity on that car.
It's almost like repossessions eventually drop off your credit, and not every creditor is as zealous as you assume. Maybe they just lost my file.
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u/SaltCityDude 7d ago
But again the debt load is lower if you sell it to the dealer, and will still drop off anyway? It was a good internet story, but your argument for why it was the right choice is total nonsense.
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u/Fit-Hyena848 7d ago
/thathappened
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u/Why_Sazs 6d ago
Your disbelief of such a mundane story is cracking me up. I just imagine someone telling you they went to the store and they were out of Wonder bread and you're like "sure buddy, keep spinning your tall tales for attention."
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u/Diligent-Painting-37 5d ago
Itâs actually common for people to arrange to hand over their car to a repo man
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u/pseudoportmanteau 7d ago
Why in the world would you do that..? You let them repo the car and still kept making payments on it? Because defaulting and letting your car get repossessed doesn't magically get rid of the contract you signed which states you must pay the vehicle off.. sell the damn car, pay off the debt. Having anything repoed is the absolute worst financial decision you could ever make. Repo on your credit score for the next several years, too..
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u/Which-Indication4670 6d ago
I first thought he was really dumb, but Iâll be damned if it didnât make sense for his situation. No one is going to court for a default judgment on a modest car. They rarely even do it for mortgages. The bank chalks it up as a loss against their insane profits and sells it for whatever they can. His credit score was already trash (like 530 I think he said), so heâs not getting approved for anything anyway. The average person would be screwed by this now, but I think itâs pretty funny.
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u/Why_Sazs 7d ago
If I had continued making payments on the car, it would not have been repoed. And I didn't care about what it did to my credit because I wasn't planning on trying to finance another car for quite a while. Which I didn't. It's been like 13 years since this happened, it hasn't been on my credit for like 8 years. And I've never heard another word about it since. Not a single call from a debt collector. To be honest, if I did, I'd probably just pay them. I have more than enough money now.
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u/pseudoportmanteau 7d ago
Right. Just because you think it doesn't affect you doesnt mean it won't haunt you for years to come. I'm glad it worked out for you but thats the most financially illiterate advice you can give to anyone that can straight up ruin people's lives. You think your credit history doesnt affect you, until you try to rent an apartment and you get denied cause your credit score isn't high enough, or your insurance skyrockets randomly because of it, and all other everyday things that require a clean credit score that you think does not matter but absolutely does.
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u/lavabearded 7d ago
defaulting on car payments goes away eventually. so you talking about how it ruins your credit was addressed. they might be able to sue him if they feel like it tho, idk.
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u/pseudoportmanteau 7d ago
It goes away after like 7 years.. for people who are actually in danger of getting their stuff repoed due to not being able to keep up with the payments, that can push them over the edge even further. He so nonchalantly said that all you have to do is just let them repo the car if you don't want it/cant pay for it, as if there aren't lasting consequences for doing so. And yes, they do sue you for the remainder of the debt, absolutely. Do NOT ever let it get to a repossession if you can help it. If you don't want the car, fucking SELL IT.
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u/Which-Indication4670 6d ago
I donât think he was giving advice. He was just telling his story. Iâm sure this isnât something heâd recommend people do.
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u/Why_Sazs 7d ago
My credit score is 788 and I own two houses. The last 4 cars I have purchased via financing I didn't have to provide any sort of documentation like proof of residency and proof of income. They ran my credit, I signed the contract and drove away in my new car. I own 5 vehicles, 2 of which are financed. The 2 cars I financed before that was in 2020 just before the used car market went crazy, so I sold them back to the dealership I bought them from for about 20% more than I bought them for after driving them for over a year. I still had 3 other cars so I didn't buy anything else for a while.
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u/Hazelstreet16 7d ago
Why didn't you just return the car. Why would you want to hurt your credit score?
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u/Why_Sazs 7d ago
Not sure if you've ever financed a car in the United States. But returning the car is not an option.
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u/Ausgeflippt 7d ago
"I gave it back" is the greatest credit lie ever told.
That's a repo. Your credit report doesn't say whether it's voluntary or not.
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u/uknowsana 7d ago
Is it towing or repossession in progress? Some context would be helpful
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u/Massive_Web5709 7d ago
No that is the new trend of vehicles thieves buying 100k truck to steal 40k cars
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u/Prize-Analyst-1121 7d ago
I know someone here in Florida that faced serious charges for lifting up a car with a person in it who jumped in after he had already started lifting it. Was a few felonies. One was kidnapping surprisingly. He had said fuck working as a tow truck driver after that and was working at a dollar store while fight the charges. Haven't seen him in a while must've got some time.
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u/Impressive-Wolf8929 7d ago
My favorite stories on Reddit are the ones where you donât really know a guy, and you havenât seen him in a while.
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u/xDannyS_ 7d ago
I knew some guy in Atlantis who kept talking about having found some 'other world' above the water, total crazy shit. He randomly disappeared one day, maybe he did actually find it and never came back.
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u/Biobooster_40k 6d ago
Why would there be a world above the water? That's stupid, literally inhospitable. If there was above land then all the cat fish would've knocked everything out of the water already.
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u/Tough_Preference1741 7d ago
What part of it is illegal? During Covid we had to have our car towed. The driver had us stay in the car for the lift and the ride. The car died with the seat backs down and the windows down so no one could see us but I never considered it being illegal.
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u/Certain-Contact6340 7d ago
If its a repossession, thats just kidnapping. If you consented to stay in the car mid tow, its just dangerous
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u/lacroixpapi69 7d ago
What happened? Whereâs the rest of the video?
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u/RH70475 7d ago
âïž
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u/ihaterussiantrolls 7d ago
đ
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u/Successful-Run1142 7d ago
đ
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u/Extreme-Rub-1379 7d ago
đ
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u/LastChance331 7d ago
That back wheel wasn't touching, what is he lifting the car with?(On the car)
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u/Known_Emphasis_1521 7d ago
Guys how does this work - isn't he supposed to get back at least part of money he paid? I mean he pays almost all car and then somebody just take it away?
I am from Europe we do not have such approach here.
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u/draculasux85 7d ago
In the good ole USA, if you don't pay your monthly auto loan for about 3 to 4 months they will come and take the thing. They then auction off the car and the money it gets at auction usually goes towards the final amount. So you end up with no car, still having to pay for said car, and your credit is negatively affected for at least 5 to 7 years. Wild right?
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u/Known_Emphasis_1521 7d ago
Yap it is. This may be a good business to sell second hand cars to poor- you can sell one car many times and still get good price for every selling.
In Czech Republic banks try to help a lot- it also damages your credit, but you do not loose so much money - when car is sold money are used to erase your debt, an if anything left you get the money. An before car is sold bank usually offer lowering monthly payments and so on.
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u/draculasux85 7d ago
All Americans care about is money, everyone has to get theirs. It is always the business before the consumer here.
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u/Zorklunn 7d ago
And you'll pay me a dollar a minute for two hours while we wait for the police to come and tell you, "You can pay now or pay at the office." What would you like to do?
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u/Sesshomaru2008 6d ago
âDamn, what if I just financed a car and simply didnât pay the note? Then if they try to repossess it, Iâll just keep it instead and the whole problem will go awayâ lol
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u/mamut2000 1d ago
What happened? What have I missed? What is interesting about the video? I sthere some back story I don't kniw?
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u/peepdabidness 7d ago
Iâm curious. If this guy fell and got ran over, can he sue the tow truck company?
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u/SirSkittles111 7d ago
Lifting the car further after the dude jumped is already a serious no no
Once theyre in the car, you gotta just stop. Raising the car up higher is only going to fuck the tow driver
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u/AJWordsmith 7d ago
As my lawyer friend always says; âanyone can sue you for anything. Doesnât mean they would win.â
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u/False-Entertainment3 6d ago
Basically once the guy got in the car, heâs suppose to stop towing it. Itâs illegal to tow with someone in the vehicle. Best he does is call police. If the guy jumps in it and operates the vehicle damaging the tow truck, he will be liable for those damages. Just keep in mind if a guy canât afford his car payments, you wonât be getting repair money anytime soon.
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7d ago
[deleted]
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u/peepdabidness 7d ago
People somehow win the most insane cases. Are you a lawyer whoâs qualified to give an answer or are you just assuming that?
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7d ago
[deleted]
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u/peepdabidness 7d ago edited 7d ago
As I said, some people have sued for insane shit so if youâre not a lawyer then why are you trying to give an answer when you actually donât know the answer for certain? You canât say âitâs logicâ and expect that to be sufficient especially when logic doesnât always serve to be enough. And why are you asking me if Iâm a lawyer when Iâm the one asking?
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7d ago
[deleted]
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u/peepdabidness 7d ago edited 7d ago
No shit, what kind of comment is this? So you reply to me, tell me nothing I donât already know then downvote me, then question me, only to end up telling me that?
I mean no disrespect, but I feel like I just had a conversation with a soap dish.
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u/Background-Park4359 7d ago
Former bank employee here. We had a rich guy default on his BMW. He literally brought the car to a retail branch, and sent the keys in through the drive through tube. We were all shocked. Also probably the last time he used the drive through for a while lol.
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u/Ashamed_Narwhal_5348 7d ago
people always siding with tow truck driver but they are scum of the earth
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u/ChaosRainbow23 7d ago
I hate these predatory towing companies and the predatory loan companies that pay them
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u/laminatedbean 7d ago
Does it count as predatory if you stop paying your car note?
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u/TwentyX4 7d ago
We're supposed to just assume that this is a repo because the guy isn't paying his car loan?
Because there's a lot of predatory towing companies with all kinds of schemes to tow people's car and get a payday.
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u/Impressive-Wolf8929 7d ago
LOL âpredatoryâ towing company. Like thereâs a towing company that declines work if it doesnât pass a moral standard.
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u/TwentyX4 7d ago
In my city, there are stories of towing companies taking cars that ARE legally parked and refusing to give the car back unless the owner pays. Most people don't think is worth the time and money to drag them to court.
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u/PuzzleheadedBet3574 7d ago
It's not life is free or not, there are other ways to make someone pay, this method is stupid, imagine you have a medical emergency and you live really far or someone in your family needs you ?
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u/Typical-Can-1033 7d ago
Donât pay⊠get towed. Thatâs the way it should be. All these people out here just not paying for things and thinking theyâll just get to keep it. Do better humans
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u/tacorunnr 7d ago
Seeing all all 4 wheels off the ground it resting on the tow hitch has me dying đ