Basically I have an old car. All estimates given were verbal. After everything, the total ended up being 6k of work. I can finance about 3, which leaves 3 for me to make cash. In the event that I cannot pay the bill, what will happen?
I assume my car will get repossessed by the mechanic and sold at auction, but how will this affect my credit? Will this affect my credit at all? Has anyone had a similar situation where they were able to settle on the final bill? Any insight is welcome and appreciated
It doesn’t matter if they own it out right. A mechanics lien overrides almost everything. We put a lien on a car that the customer still owed on. The dealer attempted to repo the car, but we wouldn’t let them unless they paid the bill. For whatever reason the car dealer let us keep the car and we sold it for double what the bill was on the car