Legal Question in Civil Litigation in California

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?

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

1 Answer from Attorneys

Terry A. Nelson Nelson & Lawless
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All those industry standard terms and issues were fully disclosed in your original lease, which you probably did not read. You can try to negotiate a settlement now, or after they sue you.

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Answered on 4/27/13, 1:33 pm

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