Wednesday, May 26, 2010

Is there anything i can do if the finance company sold the car for 2000 dollars les than its value?

yes...in such instances the finance company has a legal obligation to mitigate damages...they happen to be your damages...if the sale was unreasonably low..they can be pursued legally



Is there anything i can do if the finance company sold the car for 2000 dollars les than its value?

there in lies the problem of having your car repo%26#039;d. They can sell it for a %26quot;reasonable%26quot; price. Most times when an automobile is repo%26#039;d it is sold at an auction and the finance company can care less what it is sold for because all they want is some of the money back now, you will be held liable for the remaining balance.



Next time pay your car note on time

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