If he doesn’t want the truck, he doesn’t need to do anything. The tow company will “auction” it off to themselves then put it out back for parts, or sell it to a salvage yard. He won’t need to pay them anything. Around here a lot of the tow companies are also salvage yards.
Sent from my iPhone > On Jun 8, 2022, at 8:34 PM, dan penoff.com via Mercedes > <mercedes@okiebenz.com> wrote: > > Interesting discussion with a neighbor today that I thought might elicit > some responses here that could be of value…. > > Seems his college aged school son totaled his (the son’s) little pickup > truck, a 2010-2012 Ford of some sort. Because of the minimal value and > limited resources of the son, who works in the summer to pay his bills, the > truck had no collision or comp coverage, so it’s essentially a write-off for > him. > > Sheriff had the truck towed to an impound lot from the crash site. Three days > in (this apparently happened sometime on Monday) the fees at the impound lot > are already something crazy, like $650, and of course increasing > exponentially every day. The son has no interest in the remains of the > vehicle, and certainly doesn’t have the resources to cover the impound fees. > I’m assuming he would even have to pay to have the wreck hauled off to > someplace like CoPart or LKQ, if they would even want it. > > So the neighbor’s wondering (he’s asking me, because he knows I’m a “car > guy") if I think the impound place, a private towing firm contracted to the > County for such services, would just take the title to the truck in lieu of > the fees. I’m thinking that the scrap value of the truck is probably minimal, > so even if he did this they would still want the balance of the fees they’ve > charged to-date. I presume they could take a lien on the truck/title, but > even if they did that it’s still more or less worthless and they won’t get > jack out of the kid, who has reached the age of majority and is not on > anything connected to the parents as far as I know. > > Let’s also realize that these places charge exorbitant fees as a way to rip > people off, of course, and I have to believe there are plenty of instances > where they don’t get a dime. > > Anyone encounter a situation like this, or know of one or a resolution for it? > > -D > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
