California  |  Civil Litigation

Legal Question

Asked on: 4/26/13, 2:34 pm

After trading in a leased car for a new one, I received a certified letter from the OEM company saying that I may owe the difference between the residual value and the auction sale amount.

This potential deficit was not clearly disclosed when I leased the previous car or the new one.

Is the lack of disclosure a basis for legal action if I am charged for the sale deficit?

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