Automobile Acceptance Corporation COMPANY ATTEMPTING TO SUE ME FOR A CAR I WAS PAYING FOR THAT WAS A LEMON Riverdale Georgia
I purchased a vehicle from Auto Smith and the motor blew up in less than 24 hours and after having driven less than 100 miles. I requested to just have my trade-in back and I was told it was "gone." I had no choice but to get into some vehicle. I made every payment in full and on time. However, after 4 months I could no longer afford to make my payments, pay for insurance, and continue to pay for repairs, towing bills, and miss days of work because of continual machanical failures on the car. I finally gave up and wrote a letter requesting a voluntary repossessed. I explained the reasoning in the letter and was told something would be worked out for me. Instead, a repo man banged on my door at 11pm demanding keys and the vehicle was sold at auction. Now I am being sued for the balance. I am fighting this in court in Henry County, GA at the end of April. If anyone has had a similar experience with this company please let me know. It would certainly help my case if I could get a statement from you.
Tammy
Stockbridge, Georgia
U.S.A.
6 Updates & Rebuttals
Dee
Florida,Florida,
U.S.A.
You were not ripped off by your finance co, it is other way around
#7Consumer Suggestion
Wed, April 29, 2009
The finance company has nothing to do with the condition of the car you bought. All they did was pay the dealership on YOUR behalf so YOU could have the car. Of course, you are still going to owe them for what they paid. No court in the world is going to get you out of paying that money. Your issue is with the dealership that sold you a "lemon". Sorry, but you are going to have to pay your balance plus any repo fees to the finance co.
Flynrider
Phoeix,Arizona,
U.S.A.
How to avoid this.
#7Consumer Suggestion
Wed, April 29, 2009
When you buy a used car, it will most likely be sold "as is". Meaning that whatever problems it has after you drive off the lot are yours. Given that you're making a large investment in something that you'll be paying off for years (whether it's running or not), doesn't it seem like a good idea to have it checked out by an independent mechanic? Since you're buying the car "as is" whatever the salesman tells you is just so much hot air. It won't count for anything when you're sitting by the side of the road with a smoking engine.
As you have found, even though the car was a piece of junk, you are still responsible for the entire loan amount. That's what was on the purchase and loan documents you signed. For some reason, a lot of people think that if they buy a used car and it dies, they're no longer responsible for it. If that were the case, it would be in the sales contract (and most used car dealers would be out of business). Bottom line, get the car checked out before buying. It may cost you $100 or so, but it could save you thousands in the long run.
Ashley
Springfield,Missouri,
U.S.A.
Contract
#7Consumer Suggestion
Wed, April 29, 2009
You do realize you still owe the remaining balance on the car even though you no longer own it correct?
Say your loan was 8000$, you paid off 1000$ then they repossessed it. They sell it at auction for say 3000$, you still owe them 4000$ plus interest and repossession fees. This is all perfectly legal and outlined in the loan contract you signed.
I wish I had better news for you :( Its always best to do anything to avoid repossession.
Ashley
Springfield,Missouri,
U.S.A.
Contract
#7Consumer Suggestion
Wed, April 29, 2009
You do realize you still owe the remaining balance on the car even though you no longer own it correct?
Say your loan was 8000$, you paid off 1000$ then they repossessed it. They sell it at auction for say 3000$, you still owe them 4000$ plus interest and repossession fees. This is all perfectly legal and outlined in the loan contract you signed.
I wish I had better news for you :( Its always best to do anything to avoid repossession.
Ashley
Springfield,Missouri,
U.S.A.
Contract
#7Consumer Suggestion
Wed, April 29, 2009
You do realize you still owe the remaining balance on the car even though you no longer own it correct?
Say your loan was 8000$, you paid off 1000$ then they repossessed it. They sell it at auction for say 3000$, you still owe them 4000$ plus interest and repossession fees. This is all perfectly legal and outlined in the loan contract you signed.
I wish I had better news for you :( Its always best to do anything to avoid repossession.
Ashley
Springfield,Missouri,
U.S.A.
Contract
#7Consumer Suggestion
Wed, April 29, 2009
You do realize you still owe the remaining balance on the car even though you no longer own it correct?
Say your loan was 8000$, you paid off 1000$ then they repossessed it. They sell it at auction for say 3000$, you still owe them 4000$ plus interest and repossession fees. This is all perfectly legal and outlined in the loan contract you signed.
I wish I had better news for you :( Its always best to do anything to avoid repossession.