Answer

Dear aj,

 

Unfortunately, it is your debt liability and you are responsible under that contract if your daughter fails to pay off the lease, since that is what you agreed to when you signed. Thus, discuss with your daughter if she is going to step up to the plate. If she doesn't, and you want to protect your credit rating and not have a judgment ultimately rendered against you, you will need to continue to pay on that loan and then the pay off amount since the lease it up soon, since you clearly won't be turning it in. Also, if it was someone else's fault (the other driver?) you can sue that driver for property damage, which can help offset your losses here. I know this is a miserable situation, but there you have it - try to look at the bright side, there were no fatalities (I hope) and you can certainly hold your son in law accountable for the the property damage to your car. He (and you daughter) should be paying you back.

 

 

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