I traded in my car for a truck. My car payment is due this coming 13th, but I dont have that car anymore. The dealership said that my truck is now financed. But when I called the credit union that is financing my car i traded in they said it was not paid out. so what do i do? what if the dealership doesnt pay off my other car loan in time? whould I have to pay the next car payment out of my pockets for that one car i traded in and by the way I dont have it anymore??????? i wish they hurry up with financing. i have NO clue what is taking so long. they dont tell me anything. What should I do? HELP im stresssed out. I dont want to pay that other cars payment.
2006-08-03 09:30:03 · 14 answers · asked by All4Christ 4 in Cars & Transportation ➔ Buying & Selling
Why are you worrying? Why are you stressing yourself out over something thats not in your hands anymore? The day hasnt even come yet. Please, relax and enjoy your new car. Stop worrying about things. Breathe. You ranting won't help either way. Jeez, woman.....Good Luck. Take care.
2006-08-03 09:37:29 · answer #1 · answered by Cloe 4 · 2⤊ 0⤋
You need to follow up with both the dealer and the credit union. Explain the situation to the credit union, give them the dealership info and show them the paperwork. Tell them you will be contacting the dealership to straighten it out, and that you don't want this to have a bad impact on your credit. They will be nice about it.
Then go to the dealership, bring your bill and get something in paper form that states they will pay or have paid the balance. Give a copy to the credit union. Stay in touch with the credit union until it is straightened out, and apologize for the trouble even though it isn't your fault.
Don't worry. This kind of stupid stuff happens all the time and can be straightened out.
2006-08-03 09:42:09 · answer #2 · answered by M L 4 · 0⤊ 0⤋
i'd go to the dealership (if possible), ask for the person in charge of financing and find out when the check was issued or will be issued for the payoff on your old car - they usually ask you for a 10 day payoff amount that you would have obtained or they would have called for on your car loan. that amount should be valid for the 10 full days and already includes your next payment - you still have 6 more business days; there is hope. call the dealership if you can't get there and don't take someones voicemail for an answer - call back and ask for a human if that happens. good luck.
2006-08-03 09:41:33 · answer #3 · answered by becs 1 · 0⤊ 0⤋
I'd ask the dealership when the payment is to be sent to the old car financing company. If it is past your due date it might show a late payment on your credit if you don't pay, but if you pay then you'll most likely have overpaid the balance when the check goes through and I doubt they'd refund you. It's your call.
2006-08-03 09:33:47 · answer #4 · answered by dallas_girl_cowboys 2 · 0⤊ 0⤋
Read the copy of your contract (truck) and read when are they suppossed to have sent the money to pay. And contact the dealership and ask for the Sales Manager and ask him for an explanation of the process, and its status.
You shouldnt have to pay for the trade in, it's not your car anymore.
2006-08-03 09:35:53 · answer #5 · answered by tourist 2 · 0⤊ 0⤋
It is the dealer ships problem now. Follow up in a week to 10 days. All will be fine
2006-08-03 09:33:38 · answer #6 · answered by John W 2 · 0⤊ 0⤋
They will take care of everything....don't worry...you wont have to pay anything...just keep the paperwork you got from trading it in and everything will be fine...Good Luck
2006-08-03 09:33:41 · answer #7 · answered by ERICKSMAMA 5 · 0⤊ 0⤋
Stand outside the dealership in a short skirt and sing Booty Booty Booty Booty Rockn Everywhere.
2006-08-03 09:35:13 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Perhaps it is because, contrary to all the claims, the Jews do not control the banks, do not control the Federal Reserve, do not control the US economy, do not control the world economy. The world is in the mess it is because they will NOT let the Jews help them out.
2016-03-26 21:59:15 · answer #9 · answered by ? 4 · 0⤊ 0⤋
you need to look at your contract closely- it should tell you the date they paid off the first loan & the amount.
2006-08-03 09:34:09 · answer #10 · answered by applpro 4 · 0⤊ 0⤋