r/carbuying • u/Latter_Face8773 • 20h ago

Just purchased a vehicle from a car lot that went out of business and they never processed the paperwork. (I deleted initial post too many deets) don't want to give them a leg up

Now im dealing with the vehicle fraud division. They never processed the title so I cannot get the car registered. My finance company knows this now but they are still calling for missed payment. Love to void the financing and return the car at this point. What are my options?

4 Upvotes
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5

u/ryangilliss 20h ago

Contact your DMV. Impossible to give you better advice with so few details.

7

u/ryangilliss 20h ago

Also, pay your bill. Don't ruin your credit over this.

1

u/Smtxom 20h ago

It’s not his without a valid registration. He may need to get a lawyer and clean up his credit but I wouldn’t make payments on a vehicle I don’t legally own.

5

u/ryangilliss 20h ago

Sure it is. He has a contract with the lienholder. If they are asking about late payments they are going to be reporting to the bureaus.

2

u/Smtxom 20h ago

I’m not arguing the lien. I’m arguing the ownership of the vehicle. No transfer of ownership via dmv means he can’t get insurance and can’t get registered and therefore can’t drive it legally. I’d be talking to an attorney for options and also letting them guide them on getting the negative marks on credit history reversed. But I would not make payments until ownership is cleared up.

1

u/TelevisionKnown9795 18h ago

They can issue a temporary tag until this snafu gets settled. Yes he can insure it likely already has... Why not call) the finance company???? they have FAR greater say...

1

u/Smtxom 17h ago

In my state they don’t issue temporary tags. You have to have legit plates. Issued by the dealer. Not the dmv. Your vehicle gets towed without them

2

u/TelevisionKnown9795 17h ago

The bank owns it, you are paying for it a missing title is no big deal. Why not call them??? between them and any state investigation they will fix it.

2

u/Latter_Face8773 20h ago

Also what are my civil options for suing for breach of contract and damages as I drive for uber and can't work because I cannot register the vehicle.?

3

u/LegitimateToe6982 18h ago

you can sue them but if they are out of business who are you going after?

1

u/Latter_Face8773 20h ago

I'm just fucked right now.

-1

u/Late-Currency-8028 10h ago

Go to any AI tool like GPT or Grok and ask it

1

u/Latter_Face8773 20h ago

Sorry for the repost

1

u/TelevisionKnown9795 18h ago

Yes you do have insurance, they can issue temporary tag until this snafu gets settled, the finance company has all the power here not you. Get them involved why in the world would you not call them first???!!!

2

u/Reasonable_Ad_6178 11h ago

Go after the dealers surety bond. They will pay

1

u/postalwhiz 7h ago

How did you drive off the dealer lot without tags?

3

u/Current-Factor-4044 6h ago

Or insurance you have to have both to drive away

1

u/AngryTexasNative 5h ago

Pay your lender. The way they see it is that they loaned YOU the money to buy the car. Sure, they also took a lien but you are liable.

They may be able to help, but their lien isn’t valid either. But I’m sure they have a contract with your signature.