Can't trade car in
09-13-2005, 02:08 PM
#1
Can't trade car in
Dealer wont let me trade car in and pick up new car because I don't have the title. I never received the title. Is there anything that can be done?
I called a few dealers and they have no problem with that. Should I just go to a different dealer?
I already got approved for loan. Will going to different dealer lose the loan approval?
I called a few dealers and they have no problem with that. Should I just go to a different dealer?
I already got approved for loan. Will going to different dealer lose the loan approval?
09-13-2005, 02:21 PM
#3
Team Owner
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If you don't have the title how did you register the car?
The title is normally two parts. One you hold and one the lien holder has. Without both you can't sell the car (or trade it in). However, most dealerships will allow you to trade it in and pay off your outstanding loan (and roll it into your new one). Do you owe more than it's worth?
The title is normally two parts. One you hold and one the lien holder has. Without both you can't sell the car (or trade it in). However, most dealerships will allow you to trade it in and pay off your outstanding loan (and roll it into your new one). Do you owe more than it's worth?
09-13-2005, 02:22 PM
#4
Not Registered
How much do you owe on your current car and how much are they giving you on a trade? If you owe money the creditor has the title. The dealer you are trading in to will have to contact the lien holder and pay off the amount owed. If you owe more than they are giving you on a trade for the dealer to pay off, they may request you to pay off the lien and trade the car in.
09-13-2005, 03:13 PM
#5
I just got off the phone with the DMV. There was a mixup so the title was never issued. They just processed it. Now when I check the status of the title it shows today's date as the title issue date.
The people that helped me at the DMV were very friendly, polite, and helpful.
The people that helped me at the DMV were very friendly, polite, and helpful.
09-13-2005, 03:15 PM
#6
Suzuka Master
I would go to a different dealer. Although I have only outright owned two cars, when traded I never had the title. Most dealers have a title clerk that can handle that information.
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09-13-2005, 03:57 PM
#10
The Third Ball
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whats the car damnit
09-13-2005, 09:36 PM
#13
Sold but not Forgotten...
Join Date: Jan 2004
Location: Mississauga, ON
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Originally Posted by 6mtV6
It's a 330i.
The dealers holding it without me putting a deposit on it.
If I get a G35coupe I can save some money. Use the savings to invest.
The dealers holding it without me putting a deposit on it.
If I get a G35coupe I can save some money. Use the savings to invest.
Sounds like a plan.. A car would always lose value, but its a call you have to make... Good luck
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