My mother purchased a car about 6 months ago. The used car lot took her for a ride. The car was worth about $1000 but they ended up charging her over $5500 with interest. She has made the $160 payments for the past 6 months but can no longer do that. She called the finance company and told them they could come and pick up the car as she cant make the payment any more. At first the finance company said they would pick it up within 48 hours. Then they called back a few hours later and told her the car was not worth picking up but that she still had to make the payments.
My question is how does she abandon the car. Can she just turn it over to a junk yard. She does not have the pink slip. The car is a 1996 mini van that has a book value of $950. Also my mother does not care about her credit record as she is 85.
My question is how does she abandon the car. Can she just turn it over to a junk yard. She does not have the pink slip. The car is a 1996 mini van that has a book value of $950. Also my mother does not care about her credit record as she is 85.