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but I have bought cars from dealers before. I go in a pay them I get my title and tags in a couple weeks. I never expected this type of thing to happen with a dealer. Had it been from an indiviual I would not have gotten into this deal.
While it wasnt a harley dealer, it isnt a tiny dealer by any means.
If, as you say, 60 days have passed I am amazed the person who traded the bike to the dealer hasn't been contacted by the lender. I would think there are payments due.
So you gave them YOUR money? Well there is one born every minute....
Had I known they did not own the bike I would not have gave them any money. I was dumb for not asking more questions, but I assumed (like an idiot) that a dealer would handle this correctly.
It seems to me that the dealer put himself at risk from the begining of this deal by keeping the title in the original owners name. I would never have guessed that a dealer would do that. Now I know....
...
It seems to me that the dealer put himself at risk from the begining of this deal by keeping the title in the original owners name. I would never have guessed that a dealer would do that. Now I know....
Dealers, in almost all cases 'floorplan' their merchandise, i.e., they establish a line of credit with a lender who pays for their purchases, or as in this case, trade in. The dealer is obligated to pay the existing lien, then in turn 'borrows' from his floor plan lender. The amount is a percentage of 'book value', usually NADA values. Yes, the dealer seems to have put himself in peril by becoming 'out of trust' with his floor plan company.
Unless the dealer can suddenly produce the cash I'd take the advice of others, contact your state's AG office, the licensing authority of your state and I would demand, in writing, an immediate refund of any monies advanced by you. Seen this too many times over the years, what it generally indicates is a 'cash poor' dealer and that is usually the last step before you see the 'out of business' sign on the door.
Never buy used from a dealer again. EVER! No exceptions.
Buy used privately, and with clear title or title with lien release form ONLY. NO EXCEPTIONS! None of this "I gotta pay it off & you'll get the title in the mail" crap. Cash for clear title ONLY at time of sale.
When I bought it, the dealer took the money to the bank and paid off the bike. They now have the title in hand, but it still isnt in the dealerships name. Instead it is the original owners still.
...I want them to make her come to the dealership and sign in. I do not want her to have the title in her hands...
Try not to let the dealer escape by turning one customer against the other. It is the dealer's schemes that are unprofessional, & they cannot "make her come to the dealership and sign".
Their strategy seems to be to blame her for your problems; their policy is: "divide & conquer".
Your attitude may best be served with "The enemy of my enemy is my friend."
Last edited by hollowpoint; Aug 28, 2012 at 12:33 PM.
Hell, I'd call the cops and claim you just got duped and scammed for X amount of dollars. This is probably something close to grandtheft... it used to be $5k or more.
Let the police tell you what your next step is. this outfit has your money and you have nothing but a borrowed bike at best. That's theft in my book.
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OK, I don't know the laws in your state, but dude you need a lawyer. In Michigan you would get an RD-108 from a dealer at the time of sale. This is the form that states the sale, tax and transfer of title at the time of sale. You get a copy, the state gets a copy and you get a title in the mail. A bill of sale and/or a temp paper plate is nothing when buying new OR used from a dealer.
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