I bought a 2001 Xterra (put down $2000, financed the rest) from a dealership (A & M Motors). I have the bill of sale. Approximately 6 weeks later, car had been towed (no parking zone). I went to get it from tow lot and showed insurance, ID, bill of sale. I got the car out, but towing co. told me that car was in an individual's name (Mary Halliwell). This is not the dealership or auto dealer's name. Did dealership have a responsibility to transfer title to themselves (A & M Motors) from Mary Halliwell before selling me the car? Now, the car was in an accident and I don't know who is going to be compensated.....A & M (are they the lienholder?), Mary Halliwell (owner of vehicle per the title) or me (I have the bill of sale and I financed the car through A & M Motors). What is the law in Texas regarding transfer of title from person to dealership to person. Isn't there a legal time frame to transfer title at least from Mary to dealership? I am at my wit's end! Help!!!!
2006-08-28
08:06:58
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3 answers
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asked by
Anonymous
in
Insurance & Registration