quote:
Could it be related to potentially slow times for them with the recent oil decline and maybe they're using that money to float them for a while? I just cant grasp any other reason to not send my bank the title.

I doubt that part. If they are that strapped for cash, they'd be closed by now.

And 1000.00 for a letter?

The salesperson will be out of the loop, either speak to finance or the title office. It sucks they wont call you back, but I'd def pay a visit. Its a simple solution that could be fixed pretty easily.

One of my clients had the same problem a few weeks ago. Come to find out, the original bank still showed a lien on it...even though the balance was zero. Glitch in their system. 90 days is pushing it, the dealership most likely has not even received funding from your bank yet, which is quite scary. But, since you are making payments already that part is also confusing.

Someone dropped the ball.

This post was edited on 5/27/16 at 2:49 pm

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Posted by dabigfella

Member since Mar 2016

6687 posts

Posted on 5/27/16 at 2:51 pm to Coach Guidry

The place is about an hour from me, but yea I need to find time to go. I dont want to say the value of the purchased car but it could definitely float a business for a while it was well north of a nice house. So my first thought was they've run into problems and are now keeping their clients money. Im just surprised my bank is asking me to do it and they're not sending someone to deal with it.

The attorney scared me more by suggesting they could be doing that and keeping clients money then shutting down.

This post was edited on 5/27/16 at 2:53 pm

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