Legal Question in Credit and Debt Law in Washington

Voluntary repossesion

I am curious to know if I were to voluntary return a vehicle to the finance company, can they sue me for any balance that is owed after they re-sell it?


Asked on 12/06/02, 2:20 pm

1 Answer from Attorneys
Marc Stern Marc S. Stern

Re: Voluntary repossesion

It depends upon how it is negotiated. If there is no agreement to the contrary, they can collect a deficiency.

MSS

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Answered on 12/06/02, 2:48 pm


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