Have Legal Questions? Ask a Lawyer Now.
Hello and thank you for using JustAnswer.
You ask a good question. Assuming you can afford the payments and intend to keep the car, you should pay the $1,200. If you do not, your credit will be irreparably damaged. If you do, any damage to your credit thus far can be explained away because you will have taken the obligation back and started to make payments again. Obviously, someone who could not afford to continue with payments would not want to pay the $1,200 to get a car back, only to have it repossessed again, further harming one's credit. The $1,200 is a small price to pay to get back on track and maintain a good credit standing.
Please press the GREEN "ACCEPT" button so proper credit is provided for your Answer.
Wow. OK. Lots of new facts here. Since you really have a problem vehicle, I would offer to pay something less than the $1,200. Go in with a list of everything you have had to deal with and pay, including your personal time because that has a value too; there is also a nuisance value. The dealer should bring down the amount you owe.
From the dealer's perspective, they really don't want that car back --- they would rather you take it, otherwise they will need to re-sell it to someone else ---- someone else who might find out everything wrong with it and want it all fixed. The deal in no way wants that.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).