I bought this brand new Mazda from a shady dealership who failed to pay off my trade-in vehicle, and submitted a Retail Installment contract to the alledged lienholder yet they never registered and submitted the registration or title, also they were selling cars "out of trust" from their own bank; So 22+ other people got screwed also and the dealership has no money so no one can sue them for damages. These guys owe about 300,000 of unpaid liens from trade-in vehicles including mine. Now I got an attorney but the bank who at the moment holds no lien on the title since the title doesn't really exist in the DMV or the State is harassing me to make payments as my lawyer is trying to resend the deal and break the contract because the dealer breached it by not paying off my old car which in Florida if a dealer fails to pay a trade-in lien on a car after 30 days it is consider illegal. They even sold my old car without having the title from the lienholder which they failed to pay to.
2007-04-09 08:58:37 · 6 answers · asked by carldomino123 1 in Cars & Transportation ➔ Other - Cars & Transportation
ask ur lawyer...u do have one right!!!!
2007-04-09 09:01:39 · answer #1 · answered by Anonymous · 0⤊ 1⤋
It sounds like you have already done everything you can. The lawyer will have to handle it from here.
Sometimes the dealers will sell the loans to banks for a discount on the Principal and that's why they are getting into the act. Even though someone does something illegal, it doesn't mean that you are in the clear either. You can get a judgment against someone but if they don't have anything, then it is a paper judgment and you'll never collect.
2007-04-09 09:06:15 · answer #2 · answered by Fordman 7 · 0⤊ 0⤋
Just send DMV a release of liability form and explain the situation to the bank and give them as much information you can about the "shady" dealership and let your lawyer take care of the rest
2007-04-09 09:11:39 · answer #3 · answered by Wine Warrior 2 · 0⤊ 0⤋
They should go after the dealer not you. There is apparently several people that are in the same boat so that should say a lot about your situation. Your lawyer should be fighting for your rights and making sure your not getting screwed!!
2007-04-09 09:08:42 · answer #4 · answered by mac_attack_51 3 · 0⤊ 0⤋
Tell them to go to hell. You no longer own the car (the one you traded in). Let the bank sue the dealer.
2007-04-09 09:02:22 · answer #5 · answered by mar m 5 · 0⤊ 0⤋
ability you have not have been given the identify on account which you owe a private loan, a stability on that motor vehicle, which ability in case you do not pay that private loan as schedule, that lien holder stands out as the owner, in case you payed that private loan already and that they gave you the identify returned, they might desire to of signed and launch the identify clean to you, and you are the owner returned. if do not want to be certain their call on the identify, take out yet another identify, tell them you lost, you are able to desire to pay for it, yet a minimum of their call will never be on the identify. reliable luck.
2016-10-28 06:54:58 · answer #6 · answered by ? 4 · 0⤊ 0⤋