Q: I owe Toyota corp $575.00 for repossing fee - what will happen?
A: It depends on several factors. Have you paid your car loan in full and are you in possession of the car? Normally financing agreements provide that you are liable for all costs of repossession and sale. If the finance company is in possession of the vehicle they do not have to return it to you until you make all past due payments and pay the costs of repossession. You are responsible for repossession costs.
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