WOW! I'm getting the runaround big time!

[birdy]

I'd just leave 'em the car. Make the final payments, give 'em the keys, and get a ride home.

They won't like it, but that's their problem.

Before you consider this, check out the Consumer Law in your state on this issue.

 

[Michael Z]

Contacting all the state resources you have (like the Attorney General) and letting the dealer know what you are doing on a very regular basis will help to resolve this.

 

[Gemma]

By obtaining a judgement the creditor can garnish income including SS

Social Security and Social Security Disability Insurance (SSDI) can sometimes be garnished to pay money you owe to the government, such as back taxes or federal student loans, and money you owe for child or spousal support.

 

[againstthegrain]

Social Security and Social Security Disability Insurance (SSDI) can sometimes be garnished to pay money you owe to the government, such as back taxes or federal student loans, and money you owe for child or spousal suppo

Thanks, I stand corrected.

"For most types of debt, including credit cards, medical bills, and personal loans, Social Security can't be garnished to pay the debt.

However, if you owe money to a creditor, the creditor can go to court and get an order to take money from your bank account."

 

[Gemma]

the creditor can go to court and get an order to take money from your bank account."

Yes they can but they cannot touch your SS!

 

[againstthegrain]

Yes they can but they cannot touch your SS!

Yes I think I corrected myself and I corrected my other post.

 

[Murrmurr]

By obtaining a judgement the creditor can garnish income including SS [correction SS can not be garnished for this type of debt] or put a lien on a home. Walking away from a debt is a great plan if you have no assets or income which is not the situation the OP is in.

No creditor can cause financial hardship, period. And no auto-dealership wants to take a customer to court over a freaking lease agreement.

After Colleen meets the payments by the renewal date, she has the upper hand...she's is in a position to either negotiate or walk away.

 

[Colleen]

How did it go with your inspection appointment yesterday, @Colleen ?

Well...here's the update. It was actually very painless I got the inspection done but what I didn't realize was going to happen was...I came home with a new car . I was schedule to talk to Emilio (salesperson) about what could be done with the truck. I was prepared to get a huge run around and have them tell me they couldn't help me. Nope....that didn't happen at all. He was very sympathetic because his wife had died a couple years ago so he understood what I was dealing with. He showed me what I could afford and what the process would be for them to buy back my truck. I looked at a couple cars ( new 2024's because I didn't want a used one to avoid problems and no warranty).

It took most of the day for us to get everything together and I did have to put a sizable chunk of money down to get the payment that I could afford, but I guess that's what I had to do to settle this. The only negative dollar amount I had to pay was the negative equity between the residual and fair market value. That was $1400. It's disgusting that when you "buy/lease" a vehicle that's originally $45,000 and 10 months later it's only worth $33,000 with only 960 miles on it. I looked at KBB myself and that's what it was and that's what they used.

Anyway, I'm sure they made a big profit both ways but I couldn't keep paying out what I was. I had to move on. The really only difficult thing was letting go of the truck that my husband loved. I'm so sorry he never got to enjoy it more.

So, now I have a 2024 vehicle with additional protection on both my insurance and the car company. I'll be saving $150/month, and that's going to help. Case closed

 

[Sliverfox]

Colleen,, that's good news.

Hopefully all the new 'bells & whistles' the car has , got explained to you?

 

[Remy]

I am so glad you got this resolved. It's at least done. Enjoy your new car.

 

[CallMeKate]

Very good to hear, Colleen! I know it's bittersweet having to give up the truck, but I'm glad it wasn't more painful for you financially if they hadn't been able to do anything.

 

[hearlady]

Great news @Colleen!

 

[againstthegrain]

No creditor can cause financial hardship, period. And no auto-dealership wants to take a customer to court over a freaking lease agreement.

After Colleen meets the payments by the renewal date, she has the upper hand...she's is in a position to either negotiate or walk away.

I'd say a bank foreclosing on a home and kicking the occupants to the curb is a financial hardship - lost equity, and no place to live are financial hardships. And repossessing a vehicle would be a hardship as well. Both happen all the time. Bad debts are sold to guess who, debt collectors, so a 3rd party could get a judgement against the debtor it doesn't have to be the original lender, which is Nissan Credit not the dealer in this case.

In this case the OP never had the "upper hand" since Nissan prevents the sub-leasing of it's leased vehicles. The OP was always dependent on some car dealer with the ability to buy and sell cars at will.

 

[Kaila]

@Colleen
It's very good to read your update, and that it includes lowering your ongoing monthly expenses.
Thank you for sharing the details of the resolution with us, and for sharing about the entire issue, so that some of us became a lot better informed, at the same time as hoping for the best outcome for you.