My car was repossessed 5 January 2012. It took me a few weeks but I finally paid-off the loan, thank God. Now I just have to pay the storage yard that has my car. They’re demanding about $1000! Every day I don’t pay it goes up $35!
Is there a maximum they can charge in Massachusetts? I’ve found that the tow company/loan company/repossession company have violated the law in a few other ways and I suspect that this is another example.
I found that the Commonwealth regulates the daily charge ($35) but have been unable to find if there is a maximum storage charge.
Talk about a catch 22.
AlfredStorage Charges After Repossession in Mass. by Consumer