So basically I purchased a car from a private party, which was under lease with Honda Financial, and the title was lost in the mail after the account was paid off. I am now in a situation where the title cannot be replaced due to policy restrictions set in place by Honda Financial. I also cannot drive the car, since the registration/ insurance has expired. I have put quite a large sum of money down, and now the seller is telling me to wait 30 days to file for a lost title(apparently Honda's policy)...
It has already been 25 days since I paid the initial amount.... The seller apparently does not have any money to reimburse me.. This is like a nightmare I have never dreamt of!
Please I need some helpful advice.. My money is tied up, and I don't have a car!
2007-04-27 21:06:05 · 6 answers · asked by AJ 1 in Cars & Transportation ➔ Insurance & Registration
Let me add a few small details to clarify the situation....
First off, I personally mailed in the balance for the car to Honda directly, inorder to pay off the balance, under the pretext that the title would be mailed directly to me(I gave them my address)...
I still have to confirm this but apparently Honda has a policy that for vehicles under lease, a lost title can only be applied for after 30 days....
The seller has been in constant contact with me(thankfully), but no progress is being made. He is basically telling me to either wait for the title to magically arrive in the mail or wait 30 days to file for a lost title....
Any more advice please ??
2007-04-28 05:21:35 · update #1
The seller has to get an affadavit from Honda verifying the loan has been paid & they have released their lien on the title. The seller then applies for a duplicate title from the DMV, they get the title, sign it over to you, and then you go to the DMV to get the title transferred over to you. Any other question about this process should be directed to the DMV and not here.
If the seller refuses to assist in this then your only option is to take them to court.
2007-04-28 04:43:27 · answer #1 · answered by bundysmom 6 · 0⤊ 0⤋
I would contact the DMV, give the VIN, and request non personal info, for example, ask if there is a lienholder. If the answer is yes, the only person who can apply for the title, is the legal owner on record. I do not beleive Honda has a 30day wait policy, that wouldn't make sense. They may have a policy of waiting 30days, after a title has already been sent, but was lost somewhere along the way. They do not want two titles crossing paths, that would be a bigger problem. From what you say, I think this is what is happening. There isn't much you can do from your side, this is a major problem of buying a car with a lien in place. Again, the only person or company that can apply for the title is Honda Financial, if they are the legal owner. You must deal with them.
2007-04-28 06:17:30 · answer #2 · answered by fisherwoman 6 · 0⤊ 0⤋
Once again Bostonian hit the nail on the head. The vehicle was NOT the individuals vehicle to sell. It is Honda's if it was a leased vehicle! The leaser has to pay taxes in order to buy the leased vehicle, not just the value of the vehicle! And he can't sell what isn't his!! Once HE has paid Honda (even if it was your check) it was his payment. Then he has to title it in his name before he can sell it to you!! If/when Honda releases the title, it will have his name on the back of the title, and he will have to get a title in his name before he can turn it over to you!!
Honda's policy is probably there to provide them the opportunity to make sure the vehicle has been paid off and the taxes have been paid before they will apply for a duplicate title and sign it over to the leaser. I would call Honda leasing company with the vin information and make sure it has been paid off and taxes paid. Then possibly an attorney if there is problem.
I hope this turns out for you...but if not...it's a good lesson..never buy a vehicle without seeing the title first!!!
2007-04-29 02:11:46 · answer #3 · answered by just me 6 · 0⤊ 0⤋
Who is telling you that Honda Financial cannot get a replacement title? That's bullshit, to put it in plain language!
Contact Honda Financial yourself. My money says that they never authorized the sale of the vehicle and you were ripped off by the person who "sold" it to you. A private party CANNOT sell a leased vehicle -- only the owner (Honda Financial) can do that! Your next stop should be the police station and then probably an attorney.
2007-04-28 03:59:45 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Do a title search and when it's not found request a new one be issued. This cancels the old one and your on the road. Did the seller offer to buy the car back for less? maybe that title isn't lost after all maybe they got it all along. The search will tell.
2007-04-27 21:13:40 · answer #5 · answered by rougerocker 3 · 0⤊ 2⤋
Go to the DMV in your hometown and file for a new title and tell them that is was lost, bring proof of ownership, insurance, picture id, all paperwork to support your case and it would not hurt to bring you social security card, the original one.
2007-04-28 03:04:46 · answer #6 · answered by Anonymous · 0⤊ 2⤋