I had my car towed to a tow company after it broke down at a gas station. I had lost my job and income before i had a chance to pay to get it out. I wasnt able to pay the car note either so they wanted to repossess my car. The car had been on the lot for a while and due to the fact that i couldn't pay, an abandonment stop was placed on the car. I notified the lienholder of where the car was located so that they can go pick it up before it was sold if they wanted to repossess it. Besides losing my car and being held liable for the balance, what other consequences do I face if the car was in fact sold by auction?
Your biggest risk likely is the deficiency to the original lender, but you also may have accumulated storage fees too.
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You have answered your own question. You can be held liable for the balance and possibly the storage fees. Most garages hope to sell an "abandoned" vehicle for the storage fees, but since the car is gone, they may not bother with the expense and trouble of pursuing you for these fees.
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