What are my rights if I traded in a car that had a loan on it and the dealer was supposed to have paid it off but didn’t?
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What are my rights if I traded in a car that had a loan on it and the dealer was supposed to have paid it off but didn’t?
Asked on July 24, 2015 under General Practice, Minnesota
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
When a dealership agrees to pay off an existing loan, there is no guarantee that it will. It might be due to the business being dishinest, having financial difficulties, shear carelessness, etc. Right now you hould speak with an attorney as to your situation. You can sue the dealership in court and/or file a complaint with your state's consumer protection department, as well as the Attorney General's office.
Note: Regardless of the reason that the dealership has failed to pay off your loan you are still responsible for payments to the finance company, bank, etc. (whoever is holding the title to the car).
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