u4ever36535
Junior Member
What is the name of your state (only U.S. law)? Alabama .
I needed a vehicle and my current boss OFFERED to help. I was told to go find a vehicle she would write a check.... she would personally finance the vehicle at 3% with weekly payments and I had to maintain full coverage insurance. The vehicle it titled and registered in my name with her listed lien holder. I do not have the title as she called the dealership and had the title mailed to her.
Here is my issue..... I found another job that pays more and closer to home but she states if I quit or they let me go I have to give her the vehicle and have 14 days to pay her the balance due or secure other financing (which she knows I can’t do that’s why she offered to help in the beginning). She claims she can do this due to the “Acceleration Clause” but the way I read it, it mean if I default more than 15 days she can ask for full payment. She never said her financing was conditional on employment not does it state that in any paperwork.
I needed a vehicle and my current boss OFFERED to help. I was told to go find a vehicle she would write a check.... she would personally finance the vehicle at 3% with weekly payments and I had to maintain full coverage insurance. The vehicle it titled and registered in my name with her listed lien holder. I do not have the title as she called the dealership and had the title mailed to her.
Here is my issue..... I found another job that pays more and closer to home but she states if I quit or they let me go I have to give her the vehicle and have 14 days to pay her the balance due or secure other financing (which she knows I can’t do that’s why she offered to help in the beginning). She claims she can do this due to the “Acceleration Clause” but the way I read it, it mean if I default more than 15 days she can ask for full payment. She never said her financing was conditional on employment not does it state that in any paperwork.
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