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Debra
Debra, Lawyer
Category: Canada Law
Satisfied Customers: 98441
Experience:  Lawyer
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I have had a truck repossessed and the repo man had

Customer Question

I have had a truck repossessed and the repo man had something for me to sign but suggested I don't because it says they are going to action my truck and I'd have to pay the remander. He told me by not signing it they can either seize the truck witch they did or sue me for the remainder. Is this true.
Submitted: 1 year ago.
Category: Canada Law
Expert:  Debra replied 1 year ago.

Do you know if you have what is called a conditional sales agreement?

Customer: replied 1 year ago.
I'm not to sure i just looked through everything I have on that truck and cant find anything about the agreement
Expert:  Debra replied 1 year ago.

You need to find the document about the financing.

If that document says this is a conditional sales agreement they cannot sue you for the difference.

If it does not then they can sue you for the difference after seizing the truck.

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