I purchased a used 1999 Toyota 4 Runner in June. I put down 7K plus towards the price of the car.in October Toyota Motor Credit reposessed the vehicle, then assessed more repo charges. Gave me 15 days to pay 2300.00 to get it back or pay it off at 20,554.00 to pay off the loan entirely.
My question? How can I owe 20K whne I put down 7K. This means I paid 27K for the car??? It was only blue booked at approx 15K (and that's being nice) I got ripped OFF and now bo car, no down payment nothing!!!
Help!!!
Get This—Toyota wants to sell the car at auction and then make me liable for the remainder of the loan!!! They will NOT refinance the loan, nor would they give me more time to come up with the money.
Any suggestions?
Walking in Cali
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