Legal Question in Credit and Debt Law in California

Car Repossesion

I got a car from a dealership with $5000 down. my car was repossesed once. I put $3000 to make my payments smaller. A month later my purse was stolen with over $900 in it from work. I filed a police report and a few days later my car was taken again. The dealership gave me 15 days to come up with $6600 to get my car back now my car is being sold. Now I'm out of a car, $8000, and still responsible for the $6600 is there anything I could do?


Asked on 1/10/01, 4:33 pm

1 Answer from Attorneys
Ken Koury Kenneth P. Koury, Esq.

Re: Car Repossesion

No, unless you can work at a deal with the dealer. They are required to deduct the price they got for the car from your debt.

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Answered on 1/26/01, 12:24 am


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