Legal Question in Credit and Debt Law in Florida
Lemon Law, Arbitration, Vehicle return
I recently had a final repair attempt on my vehicle that I lease. The problem has been going on for about a year. It would not surprise me if it goes to arbitration. If the judgement goes in favor of the manufacturer, what might be the ramifications if I dropped the vehicle of at the nearest dealership, turned in the keys, and did not pay the remaining payments? I would assume it would go down as a repossesion. How deep can this go with regards to my crdit cards, my home, etc.?
2 Answers from Attorneys
Re: Lemon Law, Arbitration, Vehicle return
This is not a wise course of action. A judgment can have serious effects on your credit, and once recorded, operates as a lien against any real property; and can operate as a lien against personal property.
You should seriously consider consulting an attorney to assist you in preparing for, and participating in, the arbitration.
Re: Lemon Law, Arbitration, Vehicle return
You need to file lemon law and my office handles lemon law cases. If you leave the car at the dealership that is a voluntary repo which in tern can hurt your wallet and credit. Please contact my office should you wish to file lemon law.
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