I have written purchase agreements that why would pay my loan off 13,500 of my loan. It's been 20 days and still no payment. Should I go to a lawyer and get some free advice? My payment is due on July 2nd and I'm assuming if they cause damage to my credit, they're out of business and are going to get some serious repercussions. What do I do? I'm not too worried about my payment as I can make it, but I certainly shouldn't have to. If it's not paid by the due date, should I get some advice from a lawyer?

 

i would call one for advice if you know one.
i would also call the dealer and ask them what the deal is.

 

Sent them an email yesterday telling them the exact dates they had to pay it off by and what the total amount was. If they don't pay it off by the due date of the next payment, I'm gonna go talk to a lawyer.

 

The payoff should have been made within days of you consummating your deal for the new vehicle. You're accumulating interest for each day the loan isn't paid. Forget the email crap...go see the General Manager in person...if that doesn't work...see the owner.

 

there ya go!!! Ken knows, he sold cars for many many many many years.






























i can't prove it, but i heard he also sold dinosaurs in his younger days.

 

I'm waiting for it to go past the due date. I emailed them today (it's a small dealer (5-6 employees)) so I know the email will get to them, plus it's proof of contact. I also have a signed letter saying when it will be paid off by. I

 

EMail is considered proof of contact? Yeesh, maybe, but since the amount is not insignificant make sure you send them a "return receipt requested" signature confirmation letter in the US snail mail. You will definitely need to make this months payment as near as I can tell unless they get a boot in their *** pretty quick. Keep track of payments carefully because you'll probably end up having to try and collect the balance from them, not the original lender. You will probably be owed some money back from your insurance, don't forget about that.

 

Oh, I'll make the payment for the month if I have to and if I do, I'm going straight to a lawyer. I'm also buying a car from them and they're certainly not getting a penny until they pay

 

i would talk to a lawyer BEFORE making the payment if you can. and call call or stop of at the dealer and speak to someone, and let them know they were supposed to pay it off before the second and have not done so yet.
it may have just fallen through the cracks and been missed.

 

Nope, they were supposed to pay it off before the 16th. I don't think they have any sort of plan to do so, and with a dealer that small, things like this shouldn't fall through the crack.

 

To your parents!!!

 

i would still give them the benefit of doubt as talk to them face to face. they may very well have paid it off and the loan company have not updated your account. i have seen that happen a few times.
bank of america was supposed to pay my mortgage and homeowners insurance. they did it on time for 14 years. then missed 3 mortgage payments and one insurance payment. when i finally got through to someone they swore on a stack of bibles it was paid.


and they did pay it, 3 days later.

 

I'm confused by the advice to seek legal advice. It's cut and dried...the dealership has the obligation to pay off the old note (with the facts stated). I was in the car business for 33 years as a salesperson...business manager...sales manager...general manager. Never did a face to face fail to produce satisfactory results. Save yourself some $$$$ and some aggravation...go see them in person.

 

see, i knew it!!!

but it was not to my parents, that was my older brother and his first wife.
the parents walked everywhere.

 

Sure, but tomorrow is the last day of the month. Maybe his payments are due on another day, or maybe there is a couple week grace period.