As you might imagine, vehicle finance companies will try to get you to pay repossession costs and storage fees. If you have the money, and the amount at issue is $100 or $200, we may decide that it makes sense to pay these fees in exchange for getting your vehicle back quickly, and avoiding the risk of going to court. However, if the lender is demanding $500 or $600 of fees and costs, it probably makes sense to take our chances in court.
Often we can negotiate with a lender to include repossession costs and storage fees as part of the lender’s proof of claim. This means that the cost of repossession be paid as part of your chapter 13 plan. Every case is different, and we will do our best to advise you about the most appropriate strategy in your particular circumstances.