![]() ![]() An attorney will evaluate your case for free and let you know if a class action is an option. If you’ve had a bad experience with a Kia Finance repossession, fill out the form on this page and let us know what happened. But Kia Finance operates throughout the country, and it is possible that if the company is negligent and won’t follow the laws of one state, it may also neglect to follow similar laws in other states. The above class action only covers consumers in California. The complaint alleges that she does not have to pay this amount, as the Act says that companies that do not provide proper NOIs with full information cannot require that consumers pay deficiency amounts. After the car was sold, the company sent her a bill for a deficiency amount. Since she was unable to pay this additional amount within the fifteen days allotted, the reinstatement fell through and the vehicle was sold.Ĭaras was left with the debts for the amount she’d borrowed for reinstatement. However, after they had given the money to Kia Finance, the company told them they would have to pay another $590 for transportation of the vehicle. Browse our luxury or sports sedans, hybrids, electric cars, SUVs & hatchbacks. Caras and her husband took out loans so that they could pay this amount. provides a wide range of cars that meet your lifestyle. The company told her she would have to pay just under $5,500 for reinstatement. In the case of plaintiff Alyssa Caras, for example, Kia Finance violated the Rees-Levering Act because the NOI it sent her did not contain all the information she needed to reinstate the loan. Among other things, Act has strict requirements for information that must be contained in a company’s Notice of Intent (NOI) to sell a repossessed vehicle. We’re investigating to see if a class action is needed to remedy Kia Finance’s behavior.Ī class action has already been filed on behalf of consumers in the state of California, claiming that the company violated the state’s Rees-Levering Automobile Sales Finance Act with three different plaintiffs. Recently, some consumers have claimed that Kia Finance does not observe all provisions of state laws during and after repossession. Did you buy a vehicle through a loan with Kia Motors Finance (or Hyundai Capital America, Inc.)? Was that vehicle later repossessed? Were you treated fairly and honestly by Kia Finance in relation to the repossession?īecause motor vehicles are a major purchase, states may have laws governing their financing and repossession.
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