Friday the 13th of March marked the day that our Toyota Corolla got repossessed by Toyota. I was working away at my 9 to 5 job when the office administrator came over to me and told me that there was a gentleman who had come over to see me. When I was walking through to the reception area and spotted the gentleman I had a bit of an idea about what was going to happen (It was N from Impact Recoveries Ltd and I had a run in with him late last year).
By the time I got to the reception area he had already made his way outside where greeted me politely and explained the situation. I was a couple of months behind on my payments and this time around he had been instructed to take the vehicle. He then proceeded to ask me for the keys and said that he would quickly fill out the paperwork he needed to fill out and drive off so that my co-workers wouldn’t have any idea about what was going on. I was a bit stunned at the time and I did not know what to say or do. As I mentioned earlier on he did pay us a visit late last year when we were behind on our payments. At that particular time, we worked out a payment plan to catch up on the payments which if we hadn’t met, he would have returned to cease our vehicle. On Friday there was no two ways about it and he had to take the car and that was that. He took a quick look around the car to check that everything was as it should be, wrote down the mileage, filled out some paperwork, some of which he gave to me and he drove off.
I stood in the parking lot for a little while trying to digest what had just taken and then called my wife to tell her the car had been repossessed and she was in a bit of shock as well. I guess the tiny bit of consolation from the episode was that he was very discreet about it and, he did say that I still had a chance of getting the car back. What I needed to do was to get in touch with Toyota Financial Services to see if I could work out something with them. After getting in touch with them, they told me that I could pick up the vehicle after paying the overdue amount, warrant fee and agents costs. The episode was all a bit of a shock because I was under the impression that late payments were usually referred to external debt collection agencies but it may have been different in this case because of my history with them and maybe even the current economic climate (it is no secret that Toyota is not doing so well).
Why am I even writing about this? Well it is just show how much of a tight squeeze it is in this day in age and that even though I may go on a lot about ways of making money it won’t mean a thing if you don’t pay close attention to all your expenses. Even those who are fortunate enough to still have a job are looking for extra income because for a number of people, it is becoming more difficult to ‘live’. Doing the things that we should be doing reasonably well such as budgeting, paying off debts (if you have any) and saving become difficult tasks that just give you a headache.
I am tired of living like this and I am going to do all that I can to me and my family out of this situation. Budgeting, paying off debts and the likes are things that we are already trying to do. We may have gotten to it a little late but I am determined to get OUT!!!