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RAWRRGGGHHHHH!!
I feel better, anywho let me share!
We get a call from some weird 866 number (I usually ignore those but hubby picked it up). Its an automated system, telling us were behind on our car payment....by $6,000....
So, I immediate think "Oh, Ballon Payment".
Heres some background. We bought our car in 2006 (A new Saturn Ion) from who else, but Saturn. They did this thing where they financed the bulk of the car for the first 4 years, but left about 1/3 of the total price off the financing. This keeps the monthly payment lower. Then at the end of the 4 yrs you can either pay the rest of the amt owed (in our case the 6k), or you can refinance that amount at the same interest rate and it ends up in a lower payment./BG
So, mind you, we've gotten absolutely NO correspondence telling us anything and of course Saturn has gone kaput. If they were still here, i know this wouldnt have been overlooked. So hubby talks to the girl who asks if we're calling to make the payment in full
. Lol. If theyd have seen out bank acct they'd know that was a dumb question.
But basically, she couldnt answer simple questions like: Were there any bills or correspondence sent to us from them? Were they aware of the terms of their own contract? What could she tell us about the refinancing option we were supposed to have received?
. She was going to put in a request to the refi dept on our behalf and we should be receiving papers shortly.
So, after she hangs up, theres a mad dash by me and hubby to look for our car contract and of course, we cant find it. I can find receipts from my wedding almost 7 YEARS AGO..but i cant find this car contract from just 4 years ago. We have the car receipt and the car shop records but not the contract of course.
I guess the balloon payment wasnt a surprise, after all, they told me 4 years ago. But common sense would dictate something else would have been in the mail or something b/c the contract had to be redone. /sigh
If our car gets repo'd im going to be PISSSSED!
I feel better, anywho let me share!
We get a call from some weird 866 number (I usually ignore those but hubby picked it up). Its an automated system, telling us were behind on our car payment....by $6,000....
So, I immediate think "Oh, Ballon Payment".
Heres some background. We bought our car in 2006 (A new Saturn Ion) from who else, but Saturn. They did this thing where they financed the bulk of the car for the first 4 years, but left about 1/3 of the total price off the financing. This keeps the monthly payment lower. Then at the end of the 4 yrs you can either pay the rest of the amt owed (in our case the 6k), or you can refinance that amount at the same interest rate and it ends up in a lower payment./BG
So, mind you, we've gotten absolutely NO correspondence telling us anything and of course Saturn has gone kaput. If they were still here, i know this wouldnt have been overlooked. So hubby talks to the girl who asks if we're calling to make the payment in full
. Lol. If theyd have seen out bank acct they'd know that was a dumb question.But basically, she couldnt answer simple questions like: Were there any bills or correspondence sent to us from them? Were they aware of the terms of their own contract? What could she tell us about the refinancing option we were supposed to have received?
. She was going to put in a request to the refi dept on our behalf and we should be receiving papers shortly.So, after she hangs up, theres a mad dash by me and hubby to look for our car contract and of course, we cant find it. I can find receipts from my wedding almost 7 YEARS AGO..but i cant find this car contract from just 4 years ago. We have the car receipt and the car shop records but not the contract of course.
I guess the balloon payment wasnt a surprise, after all, they told me 4 years ago. But common sense would dictate something else would have been in the mail or something b/c the contract had to be redone. /sigh
If our car gets repo'd im going to be PISSSSED!
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