Quote:
Originally Posted by Harmon
Maybe in fucking Poland that's how it works, however I used to repossess cars for Chrysler/Dodge/Plymouth and after a while of searching, they will "charge it off" as a bad debt. They will no longer look for the vehicle and that is that. You can not however, ever get a clear title which in turn means you can never sell the car.
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Yes of course, repo men won't perpetually be looking for the car, and the finance company may "charge it off" but they are still going to try to get their money. It's not like you can go lease or finance a $100k car, hide it in a friends garage for 2 years, not pay and get off scott free. You will have debt collectors still trying to get the money for the car out of you even after they give up looking for the car. They won't go after you for the debt forever, but they will for a few years and if it's big enough even take you to court.