The tow truck
- A repo truck is the only vehicle that arrives without being called, and takes yours.
- Why was the repo agent calm? He had a list, and a winch.
- My car and the repo agent have something in common: we both want it.
- A "voluntary surrender" is a repo with better lighting and a ride home.
- The repo agent's favourite song is "Gone, on a Tuesday."
The aftermath
- A repossession stays on your credit like a guest who won't leave.
- Why was the driveway calm? It had accepted the change.
- I looked for my car. The spot said "you should have refinanced."
- A deficiency balance is the bill for the car you no longer have.
- The hardest call is the one to the lender, before the tow truck.
Save thousands
Save thousands by refinancing your vehicle anywhere in Canada.
Free to apply, no obligation, and no credit check to pre-qualify.
Frequently asked questions
No. These jokes are gentle. If you're behind, call your lender before the tow truck does; options often exist.
If you refinance before default, a lower payment can prevent it. After default, it's usually too late. Act early.
Contact your lender immediately, ask about hardship options, and speak with a non-profit credit counsellor or a Licensed Insolvency Trustee.