Legal Question in Business Law in Illinois
I voluntarily had my car reprocessed because I had $1900 in repairs done to it and I only had it 3 months and it still didn't function correctly. The finance company sold it and now wants me to pay the remaining balance..Am I obligated to pay even though I don't have the car anymore?
Asked on 9/06/11, 2:50 pm
1 Answer from Attorneys
Sanford M. Martin
Sanford M. Martin, P.A.
Under most vehicle financing contracts, the borrower is liable for such amounts for repossessed autos. Perhaps you have a defense to such payment based on the failure of the auto to function properly, but, if the lender pursues you, you will be required to explain and document such reason.
Answered on 9/06/11, 2:55 pm
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