Why Cars Get Repossessed: A Salesman's Insight

Repossessions on the Rise: New Jersey Car Salesman Highlights Warranty Importance Trenton, NJ – May 28, 2025 – A recent video by a New Jersey car salesman is generating discussion about the reasons behind car repossessions. Joseph Rodriguez, who works at a local Hyundai dealership, claims that the main reason for repossessions isn't always financial hardship, but rather the unexpected costs of repairs on high-mileage vehicles without warranties. "A lot of people that come to the dealership, when something goes wrong on the car and they got to pay out-of-pocket for it, they say, ‘Forget it, I’m not paying for the car anymore,’" Rodriguez explains in the video. Rodriguez's video, which has gained significant traction online, offers advice to potential car buyers, urging them to consider purchasing a warranty, especially for used cars with high mileage. He suggests that the added cost of a warranty is often a small price to pay compared to the potential for unexpected, substantial repair bills. While his advice is primarily geared toward buyers in New Jersey, the underlying message about the importance of financial planning and vehicle maintenance resonates with a broader audience.