My little brother bought a car from drivetime without telling me. He bought the vehicle in May 2011.
He paid half a small deposit in May and half a small deposit in June. He recently lost his job after buying the vehicle and has not made any payments. He owes 19k for a car that has a blue book value of at best 7k. Can he avoid repossession at this point.
He has not made a single payment. On top of the fact we are pretty sure the transmission has major issues. If anyone can give me any feedback so we can know what to expect or what we can do this would be greatly appreciated.
I feel like they took advantage of this young man (shame on them), who did not consult his family or do additional research (shame on him).
Monetary Loss: $19.