I was required to purchase a vehicle for a new position I took with a company in May of 2012. This was under the contract that they would make the payments on the vehicle but it would be under my name. As of July 1 of 2014 this company has been laying their employees off. I now have a car payment that I do not need. Would I be able to sue the company to pay for the remainder of the asset they required me to take on as the employee?
That will depend on the exact details of the contract itself. You will need to sit down with an attorney in your area who can read over your contract, discuss everything in detail with you, and advise you accordingly.
My answer does not constitute legal advice and may not be relied upon by anyone for any purpose and does not constitute an attorney/client relationship or an offer to form such a relationship. This disclaimer is intended to be fully compliant with the requirements of Treasury Department Circular 230 and the terms thereof are fully incorporated by reference.
I would advise speaking to an attorney that can review the terms of your employment contract, and more specifically, the terms as it related to any vehicle purchasing/payments. It is possible under the contract you have some protection against continued payments in the event of lay-off or termination. Further, it is possible that an attorney could facilitate a resolution with your former employer. I would advise speaking to an attorney that could assess your potential remedies and your current liabilities. Good luck to you.
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I agree with Attorney Lyon that you need the help of a lawyer. If the contract relating to the car purchase with your employer is a written one, be sure to take that with you when you talk to the attorney. If the agreement relating to the car is not a written agreement, you need to try to remember the details of the conversation relating to the vehicle. You should be able to get some relief on the vehicle but it may depend on the specifics of the situation.
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