When a title is mailed to the buyer instead of the bank, can the dealearshipt that sold the car, take it back?

Question

The title came, I put it in the safe. The dealership called and wanted it. The bank mailed a letter stating to put it in the envelope provided. The dealership calls back stating that if I don't bring the title, the car can be taken. I think I should give it to the bank because the dealership is dirty anyway.

Answer 1

Did you finance the car? If so the bank should have a recorded lien on the title. What appears to have happened here is the dealership did not record the lien, and the bank is holding them responsible.

The dealership can not legally come and get the car. If they try, call the police and press charges! You may want to file a complaint with your state MVA about the dealer's threats!

Your contract with the bank says that the bank has a lien. Send the title to the bank.

Answer 2

The dealership doesn't need the title unless they are going to try and take the vehicle or get it redone so that they are on it. Your title sou and hould go to the company that has the lien on it. They hold it until you have paid off the vehicle as a way of collateral so that you don't turn around and sell the car right off. You must have a title to sell a vehicle. But do not, I say again do not give the title to the car dealership. Once the purchase agreement has been signed by you and the bank giving you the loan, The dealer has nothing to do with the car unless you got a warrentee or something else in writing they have nothing to say about the car. That or if you haven't made the down payment.

Answer 3

the title should go to ever who holds the lien against the car,legally you will have to turn it over ,or they may be able to come and get it,if you own money on it id mail it out like they said,this will just cause problems for you that you don't need,the bank probably made a mistake,but eventually you,ll probably have to give it up,no matter what you think of the bank or the car lot,ever who holds the lien on it is en-title to have the title to it until its paid for,good luck ,hope this helps.