Help, please. I lent me niece $700 for a downpayment for a used car (off a small lot) which cost about $2500 and cosigned on a loan for the balance due. She also signed an "As-Is/No Warranty". Trouble is the car had trouble from day one: blown hose and a brake problem. Guy took it back, fixed the probs, returned her the car. Then the battery went. She replaced that. Around month 4 the valves went and the car is finished. Tried to contact the guy and an employee claims he is in the hospital w/ cancer. In the meantime niece went out bought another car and stopped making payments on this one since she can't afford both payments but needs a car.
Now I just got a letter is the mail saying they're going to repossess the car. And the balance of the loan is due.
What recourse if any do we have in getting the seller to take the car back and make the loan balance zero? Are there any "Lemon" Laws (and is there a statute of limitations)? Small claims court? Need advice please
2007-01-12
12:21:59
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5 answers
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asked by
Freedspirit
5
in
Politics & Government
➔ Law & Ethics