Ok, so I was engaged, she had bad credit, we used mine to buy a car, in my name, but totally hers. Well she left me and now she is trying to stick me with paying for this new car, which I cannot even pretend to afford. So what are my options? Can I just have it repoed, how will that damage me(it's leased).
2007-09-28 12:23:24 · 11 answers · asked by name_unused 1 in Politics & Government ➔ Law & Ethics
yes everything is in my name, she is in possesion of it. I do not want the car at all, it was for her, picked out by her, poorly taken care of by her.
2007-09-28 13:01:03 · update #1
Report the car as stolen to the police, lender and insurance company. Which it is, because she took it without your permission. Once the car is returned to you, its owner, go to the dealer and surrender the car. You will still be at risk if the car sells for less than the lien, but this will stop the hemmorhage.
2007-09-29 01:03:22 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Call the police department or go down to them and have them take you to get the car back, if you don't already have the car and the ex isn't willing to hand it back.
Take the car back to dealer and see what they can do. If you have a copy of the lease agreement then it should tell you your options. Chances are your credit might be damaged or there will be some fees from returning it early. You could also lease it out to somebody else, but keep in mind that if anything happens to the car in their hands you'll be to blame.
I wouldn't get it repoed it's better to take it down there yourself to see, but definately get the car away from your ex.
2007-09-28 13:56:33 · answer #2 · answered by misstsukino 5 · 0⤊ 0⤋
Okay, if I understand you right, the car is leased, which means it isn't hers at all, it belongs to the leasing company.
If you're stuck with your name on the payments, that suggests your name is on the lease, which would mean you would be entitled to possession of the vehicle.
The lease may not allow you to get out early without paying anyway, but she may be driving more miles than the lease allows.
So you have two potential problems. One is possession, the other is early termination.
I think you need to get this resolved as soon as you can.
You will probably not be able to do that without a lawyer.
2007-09-28 12:49:09 · answer #3 · answered by open4one 7 · 1⤊ 0⤋
Don't have it repo'd if you have the car. Drive it back to the same dealer you purchased it from. That way you'll save the repo fees.
If she has the car call the finance company and explain things to them. Tell them you are going to stop paying and ask if they can get it repo'd ASAP. Tell them where she's living and where she works so they can find it.
The finance company is going to calculate all the fees involved with the early surrender, and repo if necessary, and they'll send you a bill.
2007-09-28 12:37:32 · answer #4 · answered by Yak Rider 7 · 2⤊ 0⤋
you never got married?
call the cops,
report your car stolen
get it back
surrender it to the dealer / bank,
that will look far better than a repo
they will work with you and set up a payment plan to pay off the remainder of the lease.
2007-09-28 18:13:09 · answer #5 · answered by Mr. Burns 3 · 0⤊ 0⤋
You can turn it back in, however there will be costs involved, a minimum of $3000.00. You might be able to sell it as well, but I am sure you will not get what is owed on it, so you will once again have to come up w/ the difference.
You need to make sure the payments are being made because bad credit will effect you for years to come.
2007-09-28 12:37:05 · answer #6 · answered by Dina W 6 · 0⤊ 0⤋
you are in violation of the lease
since you were the one who credit is on the line, a straw purchase or lease is illegal
but chances are they will not come after for that
surrender the car
and your credit will be hurt for about 7 years
and they will bill you for the difference in the residual of the car verse the lease amount owned, so you better hope the car is in cherry condtion
2007-09-28 13:20:49 · answer #7 · answered by Anonymous · 0⤊ 0⤋
You know, his mortgage plan is NOT going to help those who do NOT make any payments, but rather help those whose home values have gone way down due to neighborhood foreclosures, and who unwittingly signed up for mortgages whose rates have ballooned to exorbitant rates. It's not a free lunch, but rather, more of an equalizer against banks which were knowingly exploiting average people. But....if people want to be racist and closed-minded, rather than listening to facts and judging based on them, there is no explaining anything to them.
2016-05-21 01:19:37 · answer #8 · answered by ? 3 · 0⤊ 0⤋
Have her arrested for grand theft auto. Then when you get the car back turn it in to the dealer. It might hurt your credit but if you can not make the payments it does not make any diff.
2007-09-28 12:36:17 · answer #9 · answered by saturn 7 · 2⤊ 4⤋
aside from the idiot answer, if the car is titled in your name then go get it or have it towed.
It belongs to you. If, on the other hand, it is in her name, you have bigger problems.
2007-09-28 12:39:02 · answer #10 · answered by hexeliebe 6 · 1⤊ 1⤋