I'm surprised that there is such things as Car Repair Loans. I guess you shouldn't buy a 2019 Lexus IS300 when you can't afford the car or repairs.
https://www.cp24.com/news/ontario-ma...ents-1.6634759
- "As soon as I went to the car to go to the gym, I saw my car was gone," said Toronto resident Harlie Marqueses.
- Marqueses said he still owes $42,000 on a bank car loan for his 2019 IS 300 Lexus Sedan, but last year he got a flat tire and when he couldn’t afford a replacement, he took out a car repair loan.
- Marqueses took out the loan with Wippy, a company that works with auto shops providing loans for car repairs. Marqueses has an auto repair loan for $2,892, but after missing two payments his car was repossessed a week ago.
- Marqueses said he now owes the outstanding principal plus default charges, recovery expense and other fees which now totals $6,759.
- Marqueses said he's trying to borrow more money so he can pay off the auto loan and get his vehicle back as he said he can’t afford to be without it.
"I want my car back. I’ll try my best to make the payment," said Marqueses.