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By
Steven Lang on January 25, 2013
100 Cars are lined up for next week’s sale. Every single one of them is a repo from a very successful title pawn company… and every one has a story to tell.
The histories on many repos really begin with the license plates. Disabled Veteran… Educator… it’s amazing how many cars and trucks were once owned by folks who really made a difference in this world.
It doesn’t matter though. After 25 percent monthly interest rates and numerous attempts to get their clients to borrow even more money… their car is now forfeit. And so is their freedom.
(Read More…)
By
Steven Lang on January 24, 2013
“Aaahh Steve? My rig caught on fire.”
At first I thought about oil rigs in the Gulf of Mexico engulfed in an endless torch of black smoke and molten metal.
Then I realized that the repo driver was talking about his own truck. In all my years of dealing with repo companies, I had never known an auto recovery company, big or small, that was neglectful enough to turn their money maker into an ashen shell.
Before noon I would be awakened by another surprise.
(Read More…)
By
Steven Lang on October 14, 2012
Recent Comments
Timothy - What the hell was that? At first I thought a mea-culpa but clearly that isn’t the case. So maybe it’s just a rant? Bertel,...
danio3834 - I don’t see anything wrong with bias in an opinion piece. I also don’t see where we’re not free to disagree with the author...
28-Cars-Later - Geez either that dealer is going to take a hit on those 11s or some subprime sucker will (I suppose).
E46M3_333 - We should give China EV “technology” for free. That way, they can commit economic suicide like we are in pushing EVs on...
rolladan - It’s not like they’re well built a out of the uk anyway….
philadlj - “But by and large, it is getting harder and harder to tell one car from another.” While I agree that American automakers...
Scoutdude - No the Camry is clogging dealer lots at least in my area. The two closest dealers have 7 yes 7 unsold 2011 models and 14 unsold 2012s. This...
corntrollio - I think the problem with all the “Golden Age of…” stuff is mostly based on remembering only the good stuff. People...
Derek Kreindler - Yet another superb article in a long line of fantastic writing. I aspire to write such great prose.
PonchoIndian - Sundowner, I agree with you on some levels. It seems as if rational analysis is ofter thrown out the window and replaced with deep seated...