My question involves an auto loan or repossession in the State of: Washington
We purchased a used truck from a used car lot. The next day, the truck broke down and was determined to have a bad engine that needed to be replaced. The car lot told us that the truck was sold "as is" with no warrantee. We found out about a "no payment default" saying that if we haven't made a payment on the auto loan, the truck would go back to the dealership and they would be responsible to pay off the loan (including the negative equity on our trade in). Will somebody please verify that this is correct and what do we need to do to move forward with the process? Thank you!
We purchased a used truck from a used car lot. The next day, the truck broke down and was determined to have a bad engine that needed to be replaced. The car lot told us that the truck was sold "as is" with no warrantee. We found out about a "no payment default" saying that if we haven't made a payment on the auto loan, the truck would go back to the dealership and they would be responsible to pay off the loan (including the negative equity on our trade in). Will somebody please verify that this is correct and what do we need to do to move forward with the process? Thank you!
Sale and Deficiency: No Payment Default
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