How can getting your vehicle towed and letting them auction it affect you?

They towed my car within NYC and they want 700 dollars to get it out. I don't own that kind of money to afford up right now, so I'm letting them auction it. How does that affect me? Does it affect my driver license?

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Answers:    YOUR CREDIT.IF THEY DON'T GET WHATS OWED BY AUCTION.YOU PAY THE DIFFERENCE.

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You lose your coup¨¦! It won't affect your driver's license, though.

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