Legal Question in Credit and Debt Law in Florida
If my sons car broke down and he couldn't afford to have it fixed and it was towed away is he responsible as the tow company notified the loan company to come get it and they ignored them which then placed the car in the possession of the tow company.
Is my son still responsible for the loan even though he too contacted the loan co to tell them to come get the car before it gets towed?
1 Answer from Attorneys
Yes, your son is always going to be responsible for the loan regardless of what happens to the car. It doesn't matter whether the loan company had the car towed or not. The loan company doesn't want it, I guess, especially if its broken down. The loan company would have to put money into it to sell it at auction and your son's car may not be worth the expense to the loan company. The tow company will likely sell it, I'm guessing, and your son will still be responsible for paying the loan. If he stops making payments, the loan company may sue him for the amount that he owes.