Williams v. American Honda Finance Corp.

**656 The primary issue presented in this case is how to establish the fair market value of a repossessed automobile pursuant to G. L. c. 255B, § 20B. Under § 20B, a creditor who repossesses and sells a vehicle is entitled to recover from the debtor the deficiency, if any, that remains after deducting the "fair market value" of the vehicle from the debtor's unpaid balance. The plaintiff in this case, Rachel Williams, defaulted on *171 her automobile loan, causing the defendant, American Honda Finance Corporation (Honda), to repossess and sell the vehicle that **657 served as collateral for the…