Basically I have an old car. All estimates given were verbal. After everything, the total ended up being 6k of work. I can finance about 3, which leaves 3 for me to make cash. In the event that I cannot pay the bill, what will happen?
I assume my car will get repossessed by the mechanic and sold at auction, but how will this affect my credit? Will this affect my credit at all? Has anyone had a similar situation where they were able to settle on the final bill? Any insight is welcome and appreciated
Most likely will not give you the car back until paid. In my state- Eventually if the bill isn’t paid he can file for a mechanics lien and get title to the car. It’s a process, but doable. The shop doesn’t want to do this, they have better things to do. But a shop can’t have cars there forever.