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Can I file a lawsuit or dispute against a car finance company?

Asked almost 3 years ago - Philadelphia, PA

Lawsuits

I purchased a car 3yrs. ago and my car was repossed the other day the lady I spoke with on the phone said it was taken because I didn't return her call. But I got letter in the mail stating it was taken because I broke the agreement for a month of feburary installment. Even thoght I was making payments every month consistantly to catch up. Yes I did fall behind but in January I did talk to someone and in Feb. I sent a $770 payment in March I sent a $500 payment and my car was repossed 2 weeks later in April.

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Attorney answers (2)

Alan James Brinkmeier

Reputation Level 20

Answered almost 3 years ago. Lawsuit / Dispute Attorney in Chicago, IL.

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Depending on the way your finance contract was worded, the lender may have the right to repossess your car if they receive the payment even one day late, so you will want to explain your situation. The lender may also have the right to take the car without a court order. Remember that a repossession is a black mark on your credit history and can prevent you from getting another car loan.

Contact a local lawyer to assist you.

Good luck to you.

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Ronald Anthony Sarno

Reputation Level 20

Answered almost 3 years ago. Litigation Lawyer in New York, NY.

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Technically a lender can repossess a car for one missed payment. If you are up to date the car should be returned to you BUT they probably will demand a re-possession fee. If you read over your lease agreement you will find it is very iron clad in favor of the company. You will need to discusss with a PA attorney if you can sue them,your state may have mandatory arbitration.
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Mr. Sarno is licensed to practice law in NJ and NY. His response here is not legal advice and does not create an attorney/ client relationship. The response is in the form of legal education and is intended to provide general information about the matter in question. Many times the questioner may leave out details which would make the reply unsuitable. Mr. Sarno strongly advises the questioner to confer with an attorney in their own state to acquire more information.

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