car recall
I had a loan for a 2000 grand prix automobile and my car insurance had just run out, but I was still driving the car, and the engine caught on fire (after I had parked).
The car was totaled, and the bank reposessed it, because I couldn't pay for it because I couldn't get to work. I recently received a letter in the mail from the car-maker stating that there is a recall on my car because the super-charger can cause a fire. Do I have any rights, or is it the bank that reposessed it?
Re: car recall
I would add to the above answer: depending on how much you still owe on the original loan, you may still be liable to the bank for a "deficiency."
If the bank has sold the vehicle for an amount less than what is owed on the loan (because of the condition of the vehicle) - they may try to collect the remainder from you.
Email me if you would like to speak further.
Re: car recall
I would add to the above answer: depending on how much you still owe on the original loan, you may still be liable to the bank for a "deficiency."
If the bank has sold the vehicle for an amount less than what is owed on the loan (because of the condition of the vehicle) - they may try to collect the remainder from you.
Email me if you would like to speak further.
