Legal Question in Credit and Debt Law in Utah

car reposessions

if a car is repoed and than resold by the dealer for less money than valued for is the person that the car was repoed from responible for any value remaining


Asked on 2/07/09, 6:15 pm

1 Answer from Attorneys
Greg Artim Morrow & Artim, P.C.

Re: car reposessions

yes. If the vehicle is sold, you will be responsible for any amounts that do not satisfy the original loan amount.

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Answered on 2/07/09, 10:54 pm


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