Legal Question in Consumer Law in Virginia

Trade-in Used Vehicle Pay Off

Who is responsible (Dealer or Customer) for obtaining the exact pay-off loan amount for a trade-in vehicle? If the sale is final and the owner is off by $100, who is required to pay?


Asked on 5/31/05, 7:14 am

1 Answer from Attorneys

Michael Hendrickson Law Office Michael E. Hendrickson

Re: Trade-in Used Vehicle Pay Off

The facts are not entirely clear for this situation but probably the owner of the vehicle will have to pay the shortfall.

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Answered on 5/31/05, 12:24 pm


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