I never financed any vehicle that I couldn’t have paid off immediately if I had to.

I had to have several expensive repairs done on my 2008 Honda Accord and had to leave it at the dealership for almost two months. During that time, they allowed me to make payments and gave me a loaner, a 2024 Accord until my car was completed. I was very shocked at three neighbors who decided to go purchase brand new cars because they automatically assumed I had bought a new car.

@@deidrediane9594 Hahaha, the joke's on them. You're becoming wealthier whilst they will suffer depreciation on their new "tools". Yes, tools. That is all a car is and own 3 cash-bought ones.

Well said. I will stick with my 2014 paid off car as well. Cheaper to keep it running. Interest rates and cars cost too much money to keep up with the neighbors. I love my 2014 fully paid for car. Yup…..no repo.

it's like submarine warfare

I like this channel but I wish Johnny wouldn't announce to the world why a particular vehicle is being towed. It's just nobody's business.

Agree. Some of those houses were pretty nice. They weren't repo'ing from trailer parks.

Drinking, drugs and gambling.

@@user-peach408 Overpaying for a new car and high interest rates. I know people whose monthly car payment is more than my mortgage.

Yup. I worked for PanAm when it went bankrupt in '91. No job after 7 years working there. I had my car loan with PanAm credit union, was 1 month off payment and was repossessed by week 5. I am at fault, and didn't dispute anything. The tow company guy was beyond belligerent when I called to get my possessions back and I reciprocated in kind. He had the Sheriff deputy there even though he was the douche. I just wanted my belongings. Sacramento, CA.

Seems a bit weird that he should be allowed to steal the finance money just because he's deployed. I didn't stop paying the monthly bills when I was over in Afghanistan. Why just stop paying? Makes no sense. The debt won't go away at any rate. Besides, deployment is when you're at your richest with the extra payments you get and not using electricity, water, food at home in the meantime. After the first deployment is when I bought my first car. It cost like two months hazard pay without touching any of the rest. Borrowing money for a car is just silly.

He hadn’t stopped paying it was an error.

@@mgv00 But that's not what stopped it. You said there's a law that forbids debt collection against soldiers. Which is weird, because that means if he had stopped paying, still couldn't collect.

@@nvelsen1975 The SCRA prevents car loan lenders from repossessing your car without a court order while you're in military service. To qualify, you must have signed the loan agreement and paid at least the deposit or first installment payment before you entered military service. (50 U.S. Code § 3952).

@@mgv00 Ah, so debt collection is possible, just not without a court order. That makes a lot more sense. In nearly all countries outside the US you always need a court order before you can take posession of any goods to clear a debt.

They scare me!

Who likes a repo man other than a mother ​@@heehaw8401

looking good, being broke

Everything financed.

Banks have all kinds of money 😂

That’s exactly the kind of house in Atlanta that gets everything repo’d, over priced suburban trash homes for 3x the true value

The skills of a professional repo man on display. Next up drones. getting so cheap. You can scan property even behind locked gates. No you can not enter but you can look to locate. The thing can be up to a few miles away from you in the truck. easier then driving in and being spotted.