I took out a loan to buy a 94 chevy silverado. It came as is no warrantty. 2 weeks after i had it the engine blew due to overheating that had occured before i bought the vehicle. Now I have no truck as well as i recieved a phone call from my bank after the salesman told my loan officer he would have him the title to the truck in a week, now it has been one month and no title. If no title is recieved what legal qaction can be taken by the bank as well as me. The bank has about 3500 dollars in this and i have 1000 but i have made a payment on the truck bought tags and full coverage insurance. So I ask what legal can i do in a legal standpoint about this ? keeping the truck doesnt matter I would like my money back i spent on it though.
2007-04-10 01:34:04 · 4 answers · asked by dragonblood_devin 1 in Cars & Transportation ➔ Buying & Selling
Unfortunately, regardless of where the paperwork is, you signed a contract for the truck so you own it as is. Getting title properly signed over from dealerships and banks often takes weeks. Sorry about the engine.
2007-04-10 01:38:03 · answer #1 · answered by Jay P 7 · 0⤊ 1⤋
I don't get how you paid for tags without the title?
If the bank doesn't get the title...you never bought the vehicle, unless you are holding the title illegally?
Get a lawyer- if they fail to surrender the title to the lein holder, you have legal recourse to nullify the sale!
If you are holding it your bank is gonna fry you!
Search your feelings luke, and your papers, something doesn't sound right here and it just might be you as a seriously ticked off buyer with holding info or else they failed to close the deal and you might escape with some of your money(you are going to lose some on incidentals.
2007-04-10 09:39:19 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you can prove that the cause of the engine failure was due to prior conditions, overheating, and you can prove that the seller knew about the damage and did not inform you of it, then you can sue for misrepresentation. If they told you it was good and no problems, but it did have a problem and they knew, no warranty good sign, then they misrepresented it and can be sued. Verified with my cousin who is a lawyer and remember the Peoples Court trying a case like that, she's such a hot judge. But yeah, if thy told you it was good, but knew it wasn't, they screwed you and you cant screw a consumer with lies.
2007-04-10 01:41:16 · answer #3 · answered by ellison_james_01 2 · 0⤊ 0⤋
I don't get it? You don't have the paperwork to show you bought this vehicle? How did that happen? something is missing here my friend! Seems that you just learnt how to throw away some hard earned cash the costly way...how does that feel? Ready to do it again?
2007-04-10 02:11:22 · answer #4 · answered by Anonymous · 0⤊ 0⤋