Under California law, after an automobile that was leased in this State is repossessed the finance company who repossessed it must mail the consumer a “Notice of Disposition.” A Notice of Disposition is a document that is supposed to notify consumers that their vehicle is about to be resold, tell them they have the right to have its value professionally assessed, and itemize all of the charges that the consumer is liable for under the lease contract, with such amount to be reduced by the proceeds of the auction sale. Most importantly, if the finance company makes any significant error in the Notice of Disposition that it sends you, then it is prohibited from attempting to collect a deficiency balance from you.
Want to know what a Notice of Disposition looks like? Click on the samples below:
The Vachon Law Firm has recently noticed that multiple major auto lease finance companies have a practice of preparing their Notices of Disposition in an improper manner. Accordingly, if your leased automobile has been repossessed, contact the Vachon Law Firm immediately. We have the knowledge, skill, and expertise to analyze these notices to determine whether or not they comply with California law. Further, we take Notice of Disposition cases on a contingency fee basis, and we sue the defendants under under statutes that force a losing defendant to pay the winning consumers attorney’s fees.
So if you (or someone you know) leased a car, truck, or SUV from a California dealership, and the finance company later repossessed it, the call the Vachon Law Firm today at 1-855-4-LEMON-LAW (1-855-453-6665). When a legal assistant answers, be sure to tell them that you are calling about a repossessed leased automobile. You can also contact us via email.