Legal Question in Consumer Law in New York
new vehicle
I bought a new vehicle a few months ago and I cannot afford the payments, they advised me to bring the vehicle back instead of having it repoed. What is the consequences?
Asked on 2/29/08, 10:49 am
2 Answers from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
Re: new vehicle
Most likely the company will mitigate damages by either re-leasing or selling the vehicle. You would be responsible to the company for the difference (money from your agreement less money received from mitigation of damages).
Mike.
Answered on 2/29/08, 10:59 am
Steve Brodsky Esq.
CheapNewYorkLLC.com
Re: new vehicle
This depends on what it says in the contract. Typically, you will be responsible for any remaining payments.
Answered on 2/29/08, 11:54 am
Related Questions & Answers
-
Bank account restrained from a debt collector how can i get this bank account... Asked 2/28/08, 9:25 am in United States New York Consumer Law
-
Buyers remorse My Husband just purchased a leased vechile and decided he doesn't... Asked 2/15/08, 5:21 pm in United States New York Consumer Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
