I bought a car through a broker and got a decent deal. The broker picked up the car from the dealership and I picked it up from his company parking lot after I paid the deposit in cash (received receipt) and signed the contract. A month later, the dealership contacted me saying the check broker wrote to the dealership for my deposit is bad and threathened to take my car back unless I pay the deposit (again). They were asking me for the deposit because the broker apparently committed fraud and vanished after emptied out his accounts.
Isn't there a regulation that protects comsumers from this type of incidents? As the dealership say, am I reliable for the deposit again since it was my agent working for me.
2006-09-29 05:33:39 · 7 answers · asked by duramater 1 in Cars & Transportation ➔ Buying & Selling
appreciate all these answers. here is more detail... the deposit was in 10,000 cash from wedding (gifts). few days ago, the dealership came and towed the car away with 5 minutes notice. he claimed the car is not registered to me, hence he can take it back. (i got my plates two days after). i have filed a complaint with BBB, though no updates. i found out yesterday the auto loan was cancelled when the bank tried to return my 1st payment. I am consulting with an attorney, though I am afraid the cost of attorney fee may not make financial sense.
2006-09-29 07:05:44 · update #1
state of California is where this transaction occurred. Yes. I found this broker myself, but I do not understand how I can be liable for the bad transaction that happened between the broker and the dealership.
2006-09-29 07:08:11 · update #2
I think since it was the brokers check that bounced then it should be him they are seeking restitution from, how much are we talking about? I would contact an attorney if it is a huge amt.
2006-09-29 05:44:41 · answer #1 · answered by debra_har 4 · 1⤊ 0⤋
Depending where you are from..laws will vary
In Ontario the BROKER may not be licensed to sell you the car.
In your situation it does not matter. You have a receipt for your deposit and the DEALER should have not released the vehicle before the money cleared. NOW....was this broker YOUR broker?...If it was a BROKER that YOU found...you are responsible for the deposit...receipt or no receipt. If it was a broker that the dealer found then it is not your problem.
MAKE THIS A NOTE FOR EVRYONE READING THIS.....STAY CLEAR FROM BROKERS....brokers need to make money and usually are ADDING in additional costs that are not required like extended warranties....life insurance....documentation charges ...added INETREST POINTS ...etc...
At my dealership I DO NOT ALLOW BROKERS IN...PERIOD.....
If you are form Ontario send me an e-mail (brant_automotive_group@yahoo.com) or MSN me....
2006-09-29 06:27:52 · answer #2 · answered by B_Auto 2 · 1⤊ 0⤋
what a yucky situation!
first- protect yourself by getting copies of the checks you wrote, your reciets, and any paperwork you have on this-
second- contact your bank about this fraud- they can help you eiter cancel your check and get your money back from the guy that fled... don't pay the fee again if you've already paid it- the car company choose to work with that broker-if you can prove that you've paid don't pay again!
next- contact the Better Business Bureau at www.bbbonline.org- and call them- they can give you more specific info for wher you live. they are a trustworthy third party that will help you understand your legal rights
and finally- get a lawyer if needs me- you've done nothing wrong- don't let yourself be a victim!
2006-09-29 05:46:35 · answer #3 · answered by miss m 2 · 0⤊ 0⤋
First of all, i never heard of a broker buying a car for someone else. Just go to the dealership yourself. Regulations for this incident. Before going to a broker, signing a contract and giving him a deposit, you should of read up on everything before. It's your own fault you are responsible for your decisions.
2006-09-29 05:43:31 · answer #4 · answered by Anonymous · 1⤊ 1⤋
you need to go to the police and file charges. contact an attorney and see what the laws are in your state. good luck
2006-09-29 05:41:46 · answer #5 · answered by notyours 5 · 0⤊ 0⤋
get a lawyer. The car can be considered stolen property
2006-09-29 05:43:15 · answer #6 · answered by norsmen 5 · 0⤊ 0⤋
Best thing to do is to see an attorney.
2006-09-29 05:41:20 · answer #7 · answered by WJVV 4 · 0⤊ 0⤋