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