S
stepdadda
Guest
car accident/ lease/ no insurance
I was recently involved in a car accident in which I was found to be at fault. Due to financial restraints, I was uninsured at the time. To make things worse, I was driving a car leased under my name. Not possessing insurance violates my lease as well as California law. I am in quite a bind now, because the estimated damage to my car is over $11, 000. I obviously cannot afford this. However, the leasee has not found out about the accident and I continue to make the monthly payment. I have not found anyway to get my car fixed prior to the end of my lease( about 18 months). I do not want to simply delay the inevitable. I would rather stop wasting money and "face the musice." I have neither assets nor money that can recover the loss of damage to the leasee's car. What will the leasee(Ford) do once and if I notify them? What are the consequences I face? How and what can they pursue to recover the loss from myself? Please advise.
[Edited by stepdadda on 01-12-2001 at 12:26 PM]
I was recently involved in a car accident in which I was found to be at fault. Due to financial restraints, I was uninsured at the time. To make things worse, I was driving a car leased under my name. Not possessing insurance violates my lease as well as California law. I am in quite a bind now, because the estimated damage to my car is over $11, 000. I obviously cannot afford this. However, the leasee has not found out about the accident and I continue to make the monthly payment. I have not found anyway to get my car fixed prior to the end of my lease( about 18 months). I do not want to simply delay the inevitable. I would rather stop wasting money and "face the musice." I have neither assets nor money that can recover the loss of damage to the leasee's car. What will the leasee(Ford) do once and if I notify them? What are the consequences I face? How and what can they pursue to recover the loss from myself? Please advise.
[Edited by stepdadda on 01-12-2001 at 12:26 PM]