2006-08-29 00:10:08 · 5 answers · asked by aurumdragon60 1 in Cars & Transportation ➔ Buying & Selling
The Dealer is given 10 days to pay off a loan
Did you give them the correct payoff info ? Lender name & address ? Phone # ? Your loan or account # ?
You need to speak with dealership accounting dept. &/or financing department.
Believe me they want to correct the situation as much as you do....they can not sell your trade-in without the title & they can't get the title without paying off the lender.
Once you took delivery the paperwork is out of the sales persons hands.
2006-08-29 04:09:48 · answer #1 · answered by Vicky 7 · 2⤊ 0⤋
I don't see a real question so I will ask one myself. Who's check bounced? Yours or the dealer's? If the dealer, as long as you have a valid sales contract for the new vehicle where the dealership agreed to payoff the loan on your previous automobile, then they should be fully responsible. Don't let it go, find an attorney and make sure you are covered.
2006-08-29 00:19:01 · answer #2 · answered by troythom 4 · 0⤊ 0⤋
Its called spot delivery... the dealer gave you the car and is trying to obtain financing after the fact, in all likelyhood you will be asked to return the car and you'll get your trade back, bad part is you'll be behind on your old loan and probably be up for repo
2006-08-29 13:14:05 · answer #3 · answered by scottncincy2000 2 · 0⤊ 0⤋
Call the States Attorney office.
2006-08-29 00:16:47 · answer #4 · answered by Anonymous · 0⤊ 0⤋
you need to go in there and raise hell!
2006-09-01 13:57:21 · answer #5 · answered by Anonymous · 0⤊ 0⤋