Legal Question in Credit and Debt Law in Kentucky
legal action
if you lease a vehicle and you turn it in and they resell it if they sell it for the same amount that i bought it for should i be obligated to pay the amount that i owed as when i turn it in plus pay their lawers fees and intrest?
Asked on 2/09/07, 5:45 pm
1 Answer from Attorneys
Brian Ousley
Law Office of R. Brian Ousley
Re: legal action
If the creditor repossess the vehicle legally for non payment, they do then have a right to sell it at a reasonable sale and then sue you for the difference. However, if this was a lease agreement, that does not sound appropriate.
Feel free to call me if you need additional assistance.
Answered on 2/09/07, 6:29 pm
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