Do I need a lawyer?
I trade in my 08 Windsport to a brand new 2014 Winnebago last November, The pay off of the first loan is $75000, I had paid an extra $20,000 for the upside down pay off on the first loan during the pu...
Forum Discussion
tropical36 wrote:
How about if you should buy one with an existing loan and it doesn't get paid off either, with the previous owner now receiving calls from their creditor. While all this is going on, they make it as difficult as possible for you to find out who owned the vehicle and for them to know who bought it, citing all kinds of privacy laws. With this scenario and if you paid cash, the title won't be coming in the time stated and plenty of excuses for as to why. Now if you secured a loan for it, I can't say how they might jumble those figures, but now you have a vehicle that has two would be liens on it.
DMV investigations explained to me when I had that exact situation occur that I would eventually get title, the prior owner with the loan is the one out of luck because he trusted the dealer he gave possession of the vehicle to.
Phil
