Tag Archives: finance contract

Call Me If..Your Vehicle Has Been Wrongfully Repossessed


Note I said “wrongfully” repossessed.  If you are delinquent on payments or allow your insurance to lapse or otherwise violate your finance agreement or other contractual obligation I may be unable to assist you.  The repossession would likely not be wrongful but you may be able to work out a deal to recover your vehicle. …

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Riding on Borrowed Time


While I am not sure many of you reading this are in the main audience for this blog post, I will post it anyway without making any assumptions.  If anything perhaps you can share this post with people you know who may benefit from the read and information.  Here goes..

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Tips for Purchasing a Used Vehicle from An Individual


It’s tax season…..it’s springtime (on the calendar though not yet in the air).  These things usually lead to people spending money on vehicles.  To save a few bucks folks often eye and buy a used vehicle from another person versus a dealership.  Before you take the plunge here are a few things to know to hopefully avoid being …

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A Glimmer of Hope? Consumer Lives to Fight Dealer Another Day


A recent case from the North Carolina Court of Appeals provides a glimmer..or two…of hope for a consumer in spite of the fact that the case poses some problems.  In Hester v. Hubert Vester Ford, Inc. the Court, in a unanimous 3-0 decision, held the consumer could proceed forward on claims of fraud and unfair and deceptive trade …

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Word to the Wise About Your (Vehicle) Documents


Valuable tip: DO NOT store valuable paperwork in the glove compartment or anywhere else in your vehicle. I have seen far too many people keep their installment sales agreement, warranty documents, vehicle maintenance and repair paperwork, insurance policy, and even payment receipts in their vehicle. If your vehicle is destroyed or damaged

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Car Law A to Z: H is for Holder Rule


This is a little known doctrine in federal law that may allow you to withhold payments on a vehicle which is giving you a headache. The Preservation of Claims and Defenses Rule (the “Holder Rule”), 16 C.F.R. § 433.2 was designed to allow consumers to achieve redress from the entities that were collecting their debts—the …

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Car Law A to Z: C is for Contract


When purchasing a vehicle you sign many documents which will constitute legally binding contracts. The rule of thumb to use is that you should read and understand every document you sign. Too often the document that you sign without understanding is the one that can come back to bite you. Although every document you sign …

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Sign and Save: The Importance of Documents in Vehicle Transactions


When you go to purchase a vehicle you typically review and sign several documents.  This signing party occurs after a fair amount of haggling and negotiating on the features in your vehicle, the price of the vehicle, and other important details.  Often hours have passed from when you first stepped on the dealership lot to when …

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Repo Review


Unless you are fortunate enough to pay for your vehicle purchase 100% at the time of purchase you will finance some portion of your purchase.  Vehicle financing has evolved from a standard maximum time of 36 months to loans which can now stretch to 84 months…that’s 7 years.   There are many tips and tricks to financing …

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