The First Repo Man and First Auto Repo in History

curtis_stmrOne of my personal crusades is to raise awareness of the fact that Mercedes-Benz did not invent the car like they claim to, and that automobiles have been around far longer than most people realize — viable cars have been around since at least the early 1800s. That’s why I’m so delighted to tell you about the first car to be repossessed, and used to run from a cop — way back in 1867.

  Read More!

An SUV, a Loan and a Lawsuit

WSJ_story_olgaNew York woman went to a car dealership and walked out with more than she bargained for

 

Washington, DC – May 8, 2015 – Olga Arroyo said she went to an auto dealership in the Bronx last year planning to cosign a car loan for her 39-year-old son.

But the 56-year-old Manhattan resident, who has good credit but monthly income of only $1,354 in Social Security benefits, said she unwittingly left with a $51,000 car loan in just her own name. How she got the loan, funded through J.P. Morgan Chase & Co.’s auto-financing arm, is the subject of a lawsuit filed this past week in U.S. District Court for the Southern District of New York. The suit claims the bank and the dealership violated federal consumer-protection statutes and unlawfully deceived her into purchasing a car she didn’t want and couldn’t afford.

  Read More!

Repo Ends in Fight, Chase and a Smashed Cell Phone

jo_batesHooksett, MA – May 2, 2013 – When 30 year old Joseph Bates came out to find his car being repossessed on Thursday morning, he must have thought the cameras were on for an episode of” Lizard Lick” or “Operation Repo”. Acting like a rabid squirrel in a room full of dogs, he became violent and made a series of frantic mistakes that landed him in jail facing multiple charges including robbery, disobeying an officer, reckless operation, conduct after an accident, hindering apprehension, criminal mischief, and simple assault.

 Read More!

Skip to toolbar