SidewayzOZ

iTrader: (11)

I've actually heard of a few different dealerships pulling this stunt. One dealership would actually not pay off the loan on your vehicle until it sold (in the hopes that they would sell quick). Luckily they eventually got busted and went to jail.

mnypitZ

iTrader: (19)

They absolutely can and did. They just hung on to the payments a little longer adn then go out of business, nobody to hold accountable. Lots of finger pointing, but ultimately the cars will come back to the auctions they sold them at due to the next dealership they sold them to cant sell them.

I actually bought a truck several months ago that this exact thing happened to the dealer I bought it from. They sold it to me expecting the title and never got it. They claimed the title was messed up somehow, but that just means they never got it and didnt want to get in trouble with the DMV if I decided to file. I had to bring it back to the dealer, they brought it back to the auction where it was sold to him and they are then responsible for going back to the origional selling dealer to get either a title or money.

But if the origional selling dealer goes out of business, the auction ends up eating the money to refund the buying dealer, and if somone traded it with a loan, they are screwed. Best thing you can do at this point is file a stolen car report, and file with the DMV, and eventually you will get your car back.

camar0corey

iTrader: (22)

I've never bought a car from a dealership, and I probably never will.

9000th01ss

iTrader: (10)

Think this has something to do with the economy?
People going out of business, geting laid off, not thinking straight.
Seems they're grabbing all they can as they go down in flames.