Do I have any Recourse?

Discussion in 'Credit Talk' started by znxm0i, Mar 20, 2006.

  1. znxm0i

    znxm0i New Member

    Hello,

    I'm new to this formum and just wondered if anyone has ever had or known of anyone who's had the following situation happen to them, and if so how did you find help.

    My 21 y/o daughter (single mother of a 1 yr old) recently purchased a used vehicle at a local car lot (you know the kind you go to when your credit isn't up to par or you're a first time car buyer). Anyway 5 days after having the vehicle it broken down (timing belt broke), so she had it repaired because she really needed the car to be able to get to work. About a week and half later the car began having more problems (the oil pump locked up), along with some other problems. She finally got the car back up and running again only to have the transmission go out on it after being out of the shop 2 days later. She's tried talking to the finance company, asking them if they'd take the car back and allow her to trade for something else but they say NO, it's not their problem. A lawyer whom I work with says she has no recourse because she bought the car "As Is" without a warranty. Must my daughter really pay $4,000 for a car that is now sitting at the repair shop because she can't come up with $1,200 for a new transmission? Is there anything we can do? Right now I'm picking my daughter and granddaughter up each morning so they can get to daycare and work. I had been doing this for about 1 year before my daughter decided to buy this piece of junk.

    Please help......A stressed out grandma who's trying to help her single stressed out daughter and mother of a 1 yr. old!!!
     
  2. knielsen74

    knielsen74 Well-Known Member

    I did the same thing about 10 years ago. Unfortunately I wasn't aware that if a vehicle says "As Is" on the warranty tag, that means the dealer wants nothing to do with it after you sign on the dotted line--and usually for a good reason, as you found out. I now refuse to buy a vehicle with that box checked.

    Unfortunately, my situation ended badly. My car broke down severely and I ended up losing my job, which I commuted to. The car was repossessed and I just recently won the court case that I filed for improper repo and collection of a null deficiency.

    Hopefully you don't have to deal with all that, but as far as I know, there is no dealing with the finance company. I have heard of SOME lucky people getting the finance company to tack repairs onto the loan, but it isn't common.

    Check with your state laws and maybe get a second opinion from another lawyer. Good luck, but don't hold your breath.
     

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