Legal Question in Consumer Law in California
auto lease
I wanted to help my sister obtain a
car lease. She asked if i would cosign
for her. She made lease deal with
sales personnel and a member of
their staff drove to my place of work
to sign papers. Car was either picked
up or delivered to her (sister). Low
and behold, she failed to make
payments and obtain insurance. Is
this a third party financial
agreement, for they knew i would
not be driving the vehicle? Good
faith? Truth in Lending? I just want
to get out of this lease without it
costing me a fortune.
1 Answer from Attorneys
Re: auto lease
You are going to be responsible for this debt. You signed the lease and agreed to be financially repsonsible. (That is what a cosignor does.) You will have to pay the lease. You should try to bring it current as quickly as possible. You may need to sue your sister for the amount you have paid.
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