Orlando, FL asked in Consumer Law, Contracts, Lemon Law and Small Claims for Florida

Q: I purchased a car, my finance company doubled the balance of my loan via padding insurance premiums I had 2 lapses.

I purchased a vehicle at 22k, paid for 3

Years @ 405.00/month, after this time I tried to trade in and was still 15k underwater which I found out when trying to trade the car value was 7-8k, 102k miles, the finance co. Padded and doubled my loan balance due to insurance premiums they put on when my insurance lapsed twice (I had extensive medical leaves at work 18 months due to an accident) I renewed insurance and they only removed fees partially off, is this legal? My balance should have been at 8k and was at 15k. Since then I returned the vehicle since I could not trade in, I owe 10k and I feel they’ve cheated me and locked me into a loan I could not get out of trade in. I think it’s predatory lending and want this off my credit, they intentionally doubled my loan balance. Had many recalls on the car too will lemon law protect me? I was also affected by the hurricane and later lost both jobs; I cannot repay. I now have no vehicle. What are my options?

1 Lawyer Answer
Andy Wayne Williamson
Andy Wayne Williamson
Answered
  • Santa Rosa Beach, FL
  • Licensed in Florida

A: Your first step, is to consult with an attorney in your area to have all of the paperwork you signed related to the car purchase as well as in new information to determine if anything was done contrary to the contract.

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