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  1. #1
    Join Date
    Apr 2011
    Posts
    1

    Default Bought Two Cars from One Dealer, Lapsed Insurance on One, Both Were Repossessed

    My question involves a consumer law issue in the State of: florida and alabama

    i bought a car and truck from the same buy here pay here place. I sub leased the car to another person, (with the lenders knowledge) the sub leasers insurance was in default and the lender came to repo it, saw it had been wrecked by the sub leaser, got mad and took my truck to, all my payments up to date, insurance always good. IS THIS LEGAL??? just so you know, they were bought in florida and repo took place in alabama, 7hrs away...and hyes he knew when we left town

  2. #2
    Join Date
    Feb 2010
    Location
    CT & IL
    Posts
    5,273

    Default Re: Bought Two Cars from One Dealer, Lapsed Insurance on One, Both Were Repossessed

    Without seeing the actual contract signed; its impossible to tell

  3. #3
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Bought Two Cars from One Dealer, Lapsed Insurance on One, Both Were Repossessed

    If your contracts with the lender permits them to repossess both vehicles based upon your failure to abide by the terms of your loan contract on one of the vehicles, then that's what your contracts permit. Read your loan contracts and tell us what you discover.

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