Quote:
Originally Posted by richard sargent
Balance on the car would be a really high number since inhouse finance carries a high interest rate times 32 years of unpaid balance and interest and late fees etc. I would guess over 10k easily, that why Repo Pete offered a reasonable amount of 2,500 for the title.
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1. But you don't know exactly how much is owed, do you?
2. If Repo Pete has legal claim to the car, he has no need to offer $2500 for the car, since he has assumed the assets of Redmond Auto. Why, then, did he make such an offer? And to whom did he make the offer?
