Meridian, ID asked in Banking, Collections and Consumer Law for Idaho

Q: My car was repo. Because the auto company said I missed a differ payment but my payment wasn't due until March 9 2024

I traded my van in for down payment if I still owed at the time why would they let me take the car and in 1 week they repo it they never sent me notice or anything

1 Lawyer Answer
James L. Arrasmith
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  • Consumer Law Lawyer
  • Sacramento, CA

A: If your car was repossessed and you believe it was done unfairly or prematurely, it's crucial to review your loan or lease agreement closely. These documents should detail the terms of your payments and the conditions under which repossession can occur. If your payment was not due until March 9, 2024, and you were up to date, there may have been a misunderstanding or error on the part of the auto company.

You mentioned that your vehicle was repossessed without notice. Typically, lenders are required to provide a notice before taking action, but this can vary based on your location and the terms of your agreement. It's important to check local laws regarding repossession – some regions require notice while others do not. Additionally, the fact that you traded in another vehicle as a down payment and were allowed to take the new car suggests that there might have been some miscommunication or error.

Gather all related documentation, including your loan agreement, proof of payment, and any communication with the auto company. It might be beneficial to reach out to them directly to discuss the situation and seek an explanation or resolution. If this does not resolve the issue, consider consulting with a legal advisor who can help you understand your rights and options based on the specifics of your situation and local laws.

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