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Old 07-02-2010, 06:55 AM   #7
danny waters sr
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Thumbs up Re: Why Aren't You Racing?

I am in the auto repo bussiness and i thought for sure with times like they are now i would have job security over a lot of other jobs. Not the case for me as the banks have almost stopped repoing vehs and have started taking any kind of payments from customers rather than repoing and taking to auction and loosing 15 -20 grand on a 35- 40 grand note. The ones we do repo usually are given back to debtor on a fresh note, with even more $$$ owed than before. I figure in about 6 months or so this will have an effect and then the repo bussiness will then again be very good. I have done this for 15 years and have lived a comfortable life(not rich ,but comfy). Right now i am really glad that i have another job with the IHRA as it has helped me in these times. It used to be my racing money,but not for right now. I will be back i hope. Also it is so hot to be racing at this time of year in my area .100 degrees almost every day last week.Lots of people have the money ,but are scared to spend as they do not know how this deal is going to turn out right now.
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