Return new car bought back to dealer after 10 months or more?

[cecelina]

Please help me to find out how to get out of this situation.

I bought a 2014 Honda Civic, sometimes in 05/2014, but due to my medical issues, I can't drive any more. Is there any laws that protect buyers like us, bring the car back to the dealer, return it and have not to repay anything after?

Honda is my financial.

Thank you for you help.

 

[army judge]

Please help me to find out how to get out of this situation.

I bought a 2014 Honda Civic, sometimes in 05/2014, but due to my medical issues, I can't drive any more. Is there any laws that protect buyers like us, bring the car back to the dealer, return it and have not to repay anything after?

Honda is my financial.

Thank you for you help.

You could have purchased disability insurance to cover the payments as you were completing your deal.
You chose not to do so, or were unaware that such insurance could have been added to the deal.
Sorry, you are still responsible for the debt you acquired in May of 2014.
You can try and sell the car, let the lender repo it (voluntary surrender), or file bankruptcy and choose not to reaffirm the debt.
If I were you, I'd investigate bankruptcy. Why? Because people in your situation are ones the bankruptcy laws were created to assist.

 

[Betty3]

You can talk to a bankruptcy lawyer or two to see if bankruptcy might be the best option or even an option for you. We don't know anything about your finances or other debts you might have. Otherwise, it would be try to sell the car or let the lender repo it as noted above. It might be a little more complicated to sell the car if you owe on it & don't have the title but it can be done.

 

[Betty3]

I might mention that if you let your vehicle be repossessed and it is sold for less than you still owe on it, you generally still owe the balance (deficiency). Fl. does have a law that if you owe less than $2,000 to the lender at the time it is repossessed, you can't be required to pay the deficiency. In your case though, it would certainly seem you owe more than $2,000.