Non Functional
Signing a contract IS a used vehicle death of your credit if the car is not functional?
I bought a used Chevy suburban. I has made a good buy. I usually take care of my vehichels. The car started giving me grief 20 days after I bought it. The finance company deferred a payment because I had to pay almost $ 300 to fix it. This weekend, the truck broke down again, and the cost of repairs will exceed $ 2000. I asked the finance company if there were any opportunities for me and I got to know something, because I signed an AS IS contract. I need my car to work, but I have no money to keep pouring in of this lemon. We have dealers here that offer push, pull or pull quote. They say they will pay you trade no matter what you owe. Is my only choice, or have I other options?
Even if they pay from your trade, you're still gonna pay for both vehicles. They pay it off then add that amount to the new car. You are still protected under the lemon law in most states tho. Find your states Lemon Law and see what can be done. You would do best to get a lawyer and take fight for them. It's gonna take time you do not need to get out of it tho. If this is a small mom and pop place, I would take it back to them telling them keep it. If it is a large finance company they will destroy your credit as a volunteer Repos is worse than just not making your payments. Have you tried to take it to different stores to have more discretion? $ 2000 is a lot of money for anything on a car and you can get ripped off. Only a transmission or engine rebuild would cost so much and that are considered to be a lemon, in most places.
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