AUTO RECOVERY
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Best Auto Recovery and Repossession
Birmingham Affordable Towing promises the best and fastest auto recovery service you can find in all of Birmingham, AL. If you are a lender of a car loan deal and your buyer has defaulted on their monthly payments, it’s time to recover your vehicle. We provide our services 24-hours so no matter when you need your car, we can retrieve it for you. |
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Automotive Recovery Services
As long as the vehicle resides in the Birmingham area, we can retrieve it for you. Businesses and individual owners alike can benefit from our services. Our wreckers are also knowledgeable in car maintenance and are prepared to do whatever means necessary to return your car to you. Many times someone who has defaulted on a loan payment is somebody who doesn’t take care of their belongings, meaning your car could be in a rough condition. Recovering a car such as this could prove difficult for resale and reimbursement. Our services don’t stop at recovery though, we can take the car to any auto mechanic shop you recommend, or if you don’t have a recommendation, we certainly do.
As long as the vehicle resides in the Birmingham area, we can retrieve it for you. Businesses and individual owners alike can benefit from our services. Our wreckers are also knowledgeable in car maintenance and are prepared to do whatever means necessary to return your car to you. Many times someone who has defaulted on a loan payment is somebody who doesn’t take care of their belongings, meaning your car could be in a rough condition. Recovering a car such as this could prove difficult for resale and reimbursement. Our services don’t stop at recovery though, we can take the car to any auto mechanic shop you recommend, or if you don’t have a recommendation, we certainly do.
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24-hour Recovery and Retrieval
Repossession services aren’t always about getting your car back from somebody else; sometimes you have to leave your car stranded on the side of the road. Whether a breakdown got in the way of getting your wife to the hospital during labor, or you’ve used up all of your sick days and can’t afford to lose your job, you can trust us to bring your car home. Just get a good understanding of the location of the vehicle (preferably the nearest address or major intersection [mile markers help]) and provide us with enough descriptive details (such as color, model, and license plate number) and an address to where you want us to tow your car, and we will handle it from there. |
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What Can You Do If Your Car is Repossessed?
When your car is repossessed typically the lender will turn around and sell it in an attempt to make back what they lost from the loan. Should that amount come up short, causing them to still be missing money that is what’s called a Deficiency Balance. A deficiency balance can lead to the lender suing you for that amount, and nobody wants that. Some steps you can take to getting your car back before the lender sells it are as follows: Car Redemption: You can pay off your entire loan to redeem your car back from the lender (most likely meaning you’d need another loan, so be careful with this option) Auction: Should your lender attempt the car resale at an auction, you may attempt to buy it there, potentially getting it for less than you would’ve originally (or more, again be careful with this option) Reinstating the Loan: In some states, you can reinstate your loan by reimbursing the lender for repossession cost and catching up on your late payments, but you must continue to make your remaining payments Filing for Bankruptcy: You can file bankruptcy, which will prevent the lender from being able to sell the car without court permission. This can buy you some time to collect enough money to either buy the vehicle or reinstate your loan. You may want to further research the different kinds of bankruptcies. Always remember to keep in contact with your lender and communicate all financial issues with him so that you can both understand each other’s positions and hopefully avoid the entire repossession process. |
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