THEY GAVE ME A BILL OF SALE AND A 20 DAY PLATE AND I HAD TO PUT FULL COVERAGE INSURANCE ON IT, THEY TOOK MY TRADE AND TITLE AND TOLD ME IT WAS A DONE DEAL BUT NOW THEY SAY THAT THEY CANNOT GET A BANK TO TAKE IT. WHAT CAN I DO. I have had the car for almost 3 weeks and the insurance was not cheap.
2007-12-31 12:17:32 · 9 answers · asked by jacks5j 3 in Cars & Transportation ➔ Buying & Selling
My understanding here in Montana that all title paper work is done over the internet with DearLodge at time of putchase.
2007-12-31 12:39:07 · update #1
There is no fine print with this Bill of Sale, and there was no hold harmeless clause signed. on the bill of sale it just has what we agreed on and nothing else. Plus here in Montana you have to notorize and sign a title and i did neither on my trade in.
2008-01-01 08:35:37 · update #2
Wow, I can't believe they gave you possesion of the car without financing in place. Call the state dmv and maybe an attorney. But if you have to return it your inusrance comany shold pro rate the policy when you cancel.
2007-12-31 12:23:44 · answer #1 · answered by Barcadcadacada 6 · 2⤊ 1⤋
It doesnt matter if it was private party or from a dealer. All used cars are AS IS sales. There is no warranty unless he gave you one in writing. Why did you not have it mechanically inspected before buying it? It would have cost $100 or so, but you would have avoided this financial money pit of a car. If it was a dealer who offered a limited warranty, you would still be stuck. Most of those guarantees are only for 30 days, and even then have a deductible. You bought the car as is. You have no grounds to sue, or take any legal action. You can try, but you will not prevail. So, I hate to say it, but you are up the proverbial feces tributary without a means of guiding your personal watercraft. EDIT - you can TRY to get a receipt and warranty. But I will lay 20:1 that it wont happen. If he "forgot" to give you a written warranty 2 months ago, he won't do it now. He will know there is a problem and say "Solly Cholly".
2016-04-02 05:21:20 · answer #2 · answered by Diane 4 · 0⤊ 0⤋
Go back to the dealer and tell them you want a loan at the agreed-to interest rate as written in your contract, or -- you want your trade-in back and will give them their new car back. Otherwise, you will pursue legal action, including contacting your district attorney fraud department and your state dept of motor vehicles for misrepresentation and fraud.
Be very careful, keep all your paperwork, and document every conversation you have with the dealer -- you might be the victim of a financing or trade-in scam.
A financing scam is a bait and switch -- they try to change the interest rate after the fact. That is total BS - you should have a contract which should be enforceable with down payment, number of months, and interest rate.
A naked trade-in is where they take your trade-in vehicle, let you drive off in the new car and sell your trade to another buyer or at an auction. You can't get it back because it's gone, and they know you want the new car and are gullible enough to pay the higher interest rate.
Go back to the dealer and ask lots of questions.
2007-12-31 13:41:42 · answer #3 · answered by Tom-SJ 6 · 1⤊ 0⤋
My bet is you signed some sort of hold harmless agreement, or you haven't recieved all of your paperwork, which either way means you don't own it til they say you own it (by sending you all the paperwork, which includes a title application in your name). Good Luck! If you insurance agent is worth a hill of beans he can cancel the insurance retro to the day you "bought" the car.
2007-12-31 12:30:16 · answer #4 · answered by Internetman 3 · 1⤊ 0⤋
kimba I agree with you
2007-12-31 12:29:07 · answer #5 · answered by datsleather 6 · 0⤊ 0⤋
they get it back. If they told you it was done without proviso of "pending finance", you've room for a claim. It may have been a ploy to get you indebted to them just to make money for nothing. I assume it wasn't new, I could say Gullible's Travels, as you have little chance of recovering your original car. they prob did the deal just to sell it if it was particularly good and perhaps they had a ready buyer. Sad, but there are such people about.
2007-12-31 12:28:10 · answer #6 · answered by friedach 6 · 1⤊ 0⤋
Theres not much you can do but give the new car back to the dealer. He will in turn give you back your trade-in. You can cancel the insurance and get a refund. This usually happens when a persons credit is not quite as good as it could be.
2007-12-31 12:26:59 · answer #7 · answered by dahlmh@sbcglobal.net 3 · 0⤊ 1⤋
read the fine print on your bill of sale see what conditions of sale have been put on the deal....
2007-12-31 12:23:13 · answer #8 · answered by wrathofkahn03 5 · 0⤊ 0⤋
i would say to confront the dealer and telll him if he dont fix this s*** then you gonna pop a cap in his a**!
2007-12-31 12:21:49 · answer #9 · answered by Sonny B. 3 · 0⤊ 3⤋