Legal Question in Consumer Law in Michigan
Vehicle Returned
I co-signed for a vehicle. The vehicle was not reliable and sent in for work several times. The purchers brought the vehhicle back to the dealer believing he would have no further obligation. The dealer did not say he had any further obligation and took possession of the vehicle without my signature on the title. The dealer did not tell contact me. I found out about the return when I got a notice from the lender stating that I owner close to $10,000. What can I do to remove this debt? Thank you for your help.
1 Answer from Attorneys
Re: Vehicle Returned
You need to get a lawyer. As a co-signor, it was your responsibility to keep track of what happened with the collateral. No one tells you that, but it's true: it's your money on the line and the purchaser really should have contacted you before giving the car back.
You have a right to know how much the car got on resale, because that decreases any debt you owe. If the purchaser was able to rescind the sale (perhaps under a lemon law), then your debt should be cancelled, but to figure it all out, you really need to take all the paperwork to a lawyer.
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