I had my car impounded 15 days after I bought it for driving with a suspended license. I didn't know the license was suspended. I was told there would be a thirty day hold on the vehicle, when I called to get the vehicle back I was told the finance company had repossessed the vehicle back and to call them direclty about this issue. When I called the finance company they would not release the vehicle to me until 30 days was up. They acquired my vehicle on May 16th, 2011 and never even sent me a notice about it. Now they want to charge me the full fee of $1137.00 to get the vehcile back and I was told they would not release it to me any sooner, can they do this?
Answer
Companies that lend money for the purchase of cars generally would prefer that the borrower/buyer be licensed to drive the car. Somewhere in your loan papers you have probably agreed not to drive, or allow anyone to drive, the car without a valid license. Read the paperwork and see what it says. In my opinion, you need both to get reinstated as a licensed driver and to pay the penalty before you can reclaim the car and resume driving.
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