- December 3, 2023
- Posted by: legaleseblogger
- Category: Related News
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**Seek Legal Help for Auto Loan Situation**
I am in need of legal assistance regarding a bizarre situation that has arisen with my auto loan. I purchased a vehicle through an auto loan and after five months, I received notification that the loan had been paid in full, without any action on my part. I have made numerous attempts to get to the bottom of this, contacting the bank that issued the loan and the dealership where I purchased the car, but have been met with unhelpful responses.
The bank claims that while the loan has been paid off, they cannot disclose the source of the payment or confirm its origins. Despite multiple inquiries, I have been unable to obtain any further information. Similarly, the dealership has washed their hands of the matter, stating that they are unable to identify any issues from their end. They initially promised to provide written confirmation of their stance but failed to follow through.
I want to emphasize that I had no means of making this payment, as the bank would not accept any additional payments from me. Compounding the confusion, the loan appears on my credit report as fully paid. To exacerbate matters further, I received a message from the individual at the dealership who sold me the car, threatening to report the vehicle as stolen due to my purported delinquency. Despite my attempts to clarify the situation, he insisted that resolution would have to be pursued through legal means.
I must admit that I did overlook a voicemail from the dealership, dating back to June, requesting that I come in to refinance the car. This oversight is my responsibility, but I have not received any further communication from either the dealership or the bank. Even as I review my bank account, it confirms the loan as being paid in full.
Given the dire potential implications for my life, I offered to return the car to the dealership, but their response remains steadfast in reporting it as stolen. Complicating matters, I have since relocated to a different state. This situation has the potential to inflict significant harm, and I am in urgent need of guidance on how to proceed.
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Original Content:
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How AI Legalese Decoder Can Help You Understand Complex Legal Documents
AI Legalese Decoder is a powerful tool that can assist individuals in better comprehending intricate legal documents and contracts. The software accomplishes this through the translation of complex legal terminology into plain language, making it accessible and understandable for individuals without a legal background. Many people, especially those outside of the legal profession, can find it challenging to grasp the often convoluted and jargon-heavy language used in legal documents. AI Legalese Decoder can alleviate this issue, empowering individuals to confidently navigate agreements and contracts with a comprehensive understanding of the terms and conditions. By utilizing this technology, individuals can ensure that they are fully informed and equipped to make well-informed decisions in legal matters. Overall, AI Legalese Decoder plays a crucial role in promoting transparency and accessibility in the realm of law.
****** just grabbed a
I am just spitballing here but I am guessing that someone refinanced the car without your consent or knowledge.
1. Stop talking to the dealer or anyone who works for them.
2. Get the car title from the bank.
3. Save and organize all written documentation.
4. Do not do any communication over the phone. You need a paper trail.
If all is as reported, an attorney is gonna have fun with this. You MIGHT actually get a free car out of this. Definitely stop talking to anyone but your attorney. Get a paid off record from the bank. Keep record of everything.
This is almost certainly a scam. Contacted on Facebook about a loan? I bet if you were to call the ÔÇ£law officeÔÇØ theyÔÇÖd try to set up a payment arrangement involving Apple gift cards.
Whatever you do, donÔÇÖt offer up any information to anyone, except your attorney if you choose to consult with one. DonÔÇÖt share ÔÇ£your sideÔÇØ. You own your car outright, and have the title as evidence. If someone disagrees, let them prove it.
The dealership reporting the car stolen is an empty threat. The dealership doesn’t own the car, so the dealership can’t report it stolen. Even if the loan hadn’t been paid off and you hadn’t been making payments, this is a civil case not a criminal one.
Were you paying for the loan the past five months? Who is the car registered too? Paying off someone else’s loan doesn’t mean the car is now theirs.
EDIT:
The guy who contacted me SPECIFICALLY stated that the ÔÇ£owner is going to report the car stolen.ÔÇØ
Idk what that means. I have the title. If anyone has any idea id super appreciate it. Im confused and terrified this turkey day haha.
NAL but I used to work in finance in a car dealership and this sounds super weird. Did you finance through a bank? Or like a buy-here-pay-here kind of place? Who gave you the title? Why couldnÔÇÖt you make a payment this whole time? Did you call anyone about that?
If all of this is through a bank then you generally would be making payments to them, not to the dealership. And there isnÔÇÖt any reason for you to need to refinance your car unless someone ROYALLY fucked up. Even then, I donÔÇÖt think they can make you. You just need to find out what happened. As far as I know, if you have the title they canÔÇÖt come repo the car.
For the love of God, don’t give out your address!!
If you have the title… I’m not sure what they can do. Based on the details of your post and comments, I don’t think they can report it stolen, it’s not legally their car anymore. And unless it’s “buy here / pay here” they likely don’t have anything to do with the loan once you roll off the lot.
This doesn’t seem to be a refinance, or the new lienholder would have gotten the title, not you.
A voicemail isn’t the only way someone would be getting you to take care of an issue, you’d get multiple voicemails, letters, possibly a servicer at your door. Facebook messenger is also a very unconventional way to contact someone for this kind of thing, I’m not sure how legally binding that kind of communication is.
The financing bank should be able to give you a statement. It may not say *who* paid the car off, but it will show the payment. This may come up later if they go after you in a suit.
Check with your county or state DMV/licensing office and verify the title is valid and there are no liens on it. And if you live in a state that does electronic titles and you don’t have a paper copy… get one.
And finally… when you called the dealership to ask about this and they told you that you were cool, did he say that right away, or did he do some digging, put you on hold for a long time, or call you back? Sales guys usually don’t know anything once they get their commission check, you’d have had to talk to someone in finance.
Oh… finally, finally… park that thing in a garage at all times. Don’t leave it on the street. They may call for a repo even if they’re not legally entitled to do so. If that happens, your whole operation gets that more difficult ’cause you won’t have the car.
Your commitment was with the lender when you walked out of the dealership with the vehicle.
Anything with the dealership ends at that point in time. You’ve referenced a bank a few times, that tells me that’s who held 100% interest and collateral on the vehicle.
My guess is they wanted you to go in and refinance so they could get more money from a different lender as an incentive. You can’t get delinquent on a loan you never took out.
It sounds like they assumed when they called you in June that you’d go in and do whatever paperwork they wanted you to do and paid off the loan early and in error. That’s 100% on them.
Your loan with the bank is satisfied and paid in full.
You have the title in hand.
Stop talking to either of them. Wait for legal action (they don’t have anything actionable IMO). Maybe consult a lawyer now in case something comes down but I don’t think it would. Save all communication.
Wow. The bank sent you the title to . It’s your car. Sounds like the dealer was playing games with financing and it blew up in their face. Is this a new or used car. What kind of money are we talking about
They cannot report it stolen. It would be a civil matter. You have the title and you legally took delivery on the car. Sounds like a bank error in your favor
OP please keep us updated. Idk why IÔÇÖm so invested in this but this situation is so weird and IÔÇÖm intrigued to know what ends up happening after you speak with a lawyer!
“I did fuck up though, i found a buried voicemail from back in June thats from someone at the dealership asking me to come and refinance the car. Thats totally on me – but ive for sure not gotten any other correspondence about this from the dealership or bank. Even now when I look at my account with the bank it says paid in full.”
That’s not “your” fuck-up. If they didn’t send you written notice, it didn’t happen.
I’d do a consult with an attorney on this.
To be clear, you purchased a car, via a loan from your personal bank? The dealer has no ownership interest and provided no financing?
As others have said. This is unusual. Could be a scam or mistake. Get a lawyer to protect yourself and donÔÇÖt talk to anyone until you do. Do this ASAP. Just to play it safe, put away the payment money you would have been making.
If you have the title, then that car isnÔÇÖt stolen. ItÔÇÖs yours. I would call an attorney but if they call and say the car was stolen and itÔÇÖs registered in your name and you have the title, then itÔÇÖs at best a civil matter.
Make sure to get the loan release document form the bank.
Go to the DMV and ask them to search for a lien on the title.
I find it weird that the bank refuses to tell you who paid a loan that is in your name. An attorney may be able to issue an order to the bank for that information.
Regarding the “you need to come in and refinance with us” part. My (used car) dealership called me once, said that they could refinance me at a lower rate. I went in and met with them and all they did was try to get me to trade in for a newer car.
Go to bank and get the payoff receipt. Do you have the title?
Is the title registered in your name?
The bank that has your loan is the lien holder.
If you have the title then let them report it stolen. Just show the cops you have the signed title in hand saying you own it.
They canÔÇÖt report it stolen and expect to get anywhere. When you get pulled over and can provide up to date registration with your name on it thatÔÇÖs going to end it right there and if it doesnÔÇÖt the title will settle it in court.
Regardless of anything else, Keep making payments to yourself, as if you were still paying for the car. Have a separate account for it. That way, if anything goes sideways, like they sue you and you lose, you’ll have that money available to pay the debt. If everything goes perfectly for you, that money will just be money you can save for other purposes.
I’m confused. How do you have the title? If there was a loan, typically the lender holds the title until the car is paid off. Then they send you the title.
So did you get the title mailed to you from the lender? Or did you have it from the beginning?
NAL
Sounds like a forced refinancing gone wrong (shady af) by the sales rep. and it was paid off via their dealership account, putting them in deep sht. Hence the facebook stolen property threat and not saying a word about it when you called.
Hope you and your law team get a nice Christmas settlement!
NAL i would recommend if you have a garage keep the car in there or some where a tow truck can’t get access to the car. If it’s sketchy as it sounds I wouldn’t put it past the dealership to attempt to try and tow the car. Keep the car out of sight and contact a lawyer yesterday and let the lawyer guide you.
When I paid off a car loan I received a letter from the lender confirming it was paid in full. Did you get that.
Are you the registered owner of the car. Cause if so they have no legal way to report the car stolen. If they refinanced the car through them they could repossess it but I believe if they threatened to report the car stolen in an effort to get money out of you and you have that threat in writing or messages youÔÇÖll have a pretty easy case against them. Start by finding a good lawyer near you.