After trading in a leased car for a new one, I received a certified letter from the OEM company saying that I may owe the difference between the residual value and the auction sale amount.
This potential deficit was not clearly disclosed when I leased the previous car or the new one.
Is the lack of disclosure a basis for legal action if I am charged for the sale deficit?
Answer
All those industry standard terms and issues were fully disclosed in your original lease, which you probably did not read. You can try to negotiate a settlement now, or after they sue you.
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