Hide Your Kicks, Hide Your Wife: Nissan's Credit Branch in Hot Water Over Illegal Repossessions

Nissan’s credit arm landed in some big trouble this week. It turned out that there are literally some rules around repossessing a car from a consumer. Apparently Nissan Motor Acceptance Corp. didn’t read those rules, and now they’ll have to pony up.

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Your Feel-good Thanksgiving Story: Repo Man Has Second Thoughts, Pays Off Elderly Couple's Buick

Repossessing cars is what Jim Ford does for a living. Getting shot at while hooking up tow chains and being threatened with tire irons might have hardened another man, but Ford, 41, who owns Illini Recovery in Belleville, Illinois, isn’t that other man. He understands what the people whose cars he takes are going through and tries to make it a little easier. Instead of sneaking away with their ride, he knocks on doors, tells the debtors what’s going on and gives them a chance to retrieve personal items.

As Ford told the Belleville News-Democrat, “I may be getting soft in my old age but you get more done with kindness.”

Ford ended up doing a lot more than just letting Stanford and Patty Kipping, of Red Bud, get their personal items from their car. Kipping is 82 and his wife is 70 and recent increases in the cost of their prescriptions and other bills put a dent in their fixed income, causing them to skip several $95 monthly payments on their used 1998 Buick. After speaking with them, Ford contacted their bank and tried to work out a revised payment schedule on their $2,501 debt for them, but the financial institution said no, so on the hook the car went.

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These Are the Long, Rough Roads Traveled by Title Loan Cars

Many people rely on title loans when money is tight, regardless of their infamous predatory nature and high interest rates. However, getting that loan is much like playing Russian Roulette — and with similar odds. According to a recent PEW study, one out of every nine title loans results in a repossession, with the titled vehicle eventually heading to auction.

Recently, I received a notice that a large title loan vendor was to auction off over 500 vehicles. My curiosity got the better of me. Armed with the auction run list and a VIN history tool, I decided to take a look at what ends up at these auctions and how they get there.

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Hammer Time: The $700 Repo

My brother-in-law’s 1997 Honda Civic took a vacation recently, and it only cost me about $700.

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Hammer Time: Repo Pro, Repo No!

“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.

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Hammer Time Remix: Behind The Gavel

Six hours to showtime.

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  • Jeff S The Cybertruck is one of the most hyped vehicles in decades.
  • Nrd515 This is all I could think of seeing this. I saw it in the theater with my dad about 59 years or so ago:https://www.popcorncinemashow.com/wp-content/uploads/2020/09/Mr-Sardonicus-1961-01.jpg
  • Art Vandelay I have no illusions tha my Challenger was going to be a car I wanted to own 10 seconds out of warranty. Fun, sure. Fun in 8 years? Hard pass based on the 2 years I had it
  • ToolGuy Weren't some of the most powerful engines in the M4 Sherman air-cooled? (And supercharged.)
  • ToolGuy "I installed oil temp and cylinder head temp gauges on various vehicles I was driving, so I could monitor how the engine was doing. I switched from my normal 20W50 and dropped to 15W40 oil and put down thousands of miles. Within that time, I saw a noticeable decrease in oil temps and even cylinder head temps while driving in different situations."ToolGuy has great admiration for your use of the scientific method in conducting original research.