Vehicle Owners Running from the "Repo Man

Vehicle Owners Running from the "Repo Man" Can Now Sell Their Car Fast Online, Protecting Their Credit Rating and Saving Thousands in Repossession Fees, Says AutoCrisis.com Founder Lawrence Awe

FOR IMMEDIATE RELEASE
For: AutoCrisis.com, 639 Thornton Road, Suite 102, Lithia Springs, GA 30122.
Contact: Angela George (678) 318 1954, [email protected].

ATLANTA, GA, September 25, 2003 - With bankruptcies sharply up in 2003, it's boom times for car repossessions, too. If a car or truck gets repossessed, the owner owes an average of $5,200 besides losing the vehicle, and faces interest rates ranging from 18% to 25% on the purchase of their next set of wheels if they otherwise get their financial act together. To get themselves out of trouble, those behind on their payments need a way to sell that car or truck lickety-split, says Lawrence Awe, founder of AutoCrisis.com (www.AutoCrisis.com), which connects car and truck buyers with highly motivated sellers.

"Fees that the car owner is responsible for quickly mount up, once the car is repossessed," says Awe, whose new site AutoCrisis.com is an online automotive classifieds service that specializes in serving private motivated vehicle sellers, including those facing repossession. "There are daily storage fees until the car is sold, auction fees, fees to the repo company and administrative costs, as well as any amount outstanding on the loan, including interest and late charges - not to mention exorbitant interest rates on the next loan, if the owner can get financing then at all."

Unlike the giant car sales web sites, which jumble together cars of all ages and those from both dealers and private sellers, AutoCrisis.com accepts ads only from private sellers, for vehicles only up to 10 years old. Those desperate to sell can take advantage of free ads or paid packages costing as little as $25.

"When cars get repossessed away from the owner's property, which happens 75% of the time, personal property can get lost, too," says Awe. "One lady lost the urned ashes of a loved one that way! Selling fast online may save your credit, make it possible to get 0% APR next time around and even enable you to walk away from your loss of the car with some cash in hand."

Complete information on selling a car or truck to avoid repossession is available from www.AutoCrisis.com.

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