Dealership Hijinxs!

[dcmdon]

What I've run into in the past is that they give the correct pay-off amount if paid within xx days. Dealer misses that date and interest accrues. Had that happen with a couple of things. I always make sure to ask for a payoff amount in the future, and then get a refund if it gets there sooner.

Interest accrues every day - so if they are slow paying or the mail is delayed or whatever, it can lead to pennies still owed.

One other thing I've done when paying off a car and I dont' have the per-diem or want to bother sitting on hold for 20 minuets is I just pay $20 more than the balance I think I owe.

I get the title back and a month later I get a check in the mail for $3 or whatever I overpaid by.

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[ShadowsPapa]

One other thing I've done when paying off a car and I dont' have the per-diem or want to bother sitting on hold for 20 minuets is I just pay $20 more than the balance I think I owe.

I get the title back and a month later I get a check in the mail for $3 or whatever I overpaid by.

Yup - that's what we do. We ask for a payoff amount, pay more than that amount and get a refund and credit score is unblemished and no fighting or fussing over a buck 50.

 

[Hootbro]

The dealer is in legal hot water since the sold my old truck before getting the title to it form the owning bank.

Maybe illegal, but nobody is going to be doing hard time for title kiting a vehicle for a month or so. Just about every dealer will do it to some degree in similar situations.

 

[Hootbro]

One other thing I've done when paying off a car and I dont' have the per-diem or want to bother sitting on hold for 20 minuets is I just pay $20 more than the balance I think I owe.

I get the title back and a month later I get a check in the mail for $3 or whatever I overpaid by.

I have done the same.

Also have been in similar situations were the dealership payoff was late but still credited and there still was a small outstanding balance for the extra per-diem. I have just paid the extra per-diem just to get the account closed and showed paid.

 

[dcmdon]

I have done the same.

Also have been in similar situations were the dealership payoff was late but still credited and there still was a small outstanding balance for the extra per-diem. I have just paid the extra per-diem just to get the account closed and showed paid.

Yup. Especially if its already in your online banking. Shoot a chec out for $5 is much easier than explaining all this to the dealer.

 

[lppd45]

Not to defend the dealer but it may not be all on them. I had two real estate transactions last year and had serious problems caused by the failure of the USPS to deliver documents which were sent overnight in a timely fashion. I've also noticed that 1st class mail is nowhere near as quick as it used to be.

 

[Panthers65]

Not with the dealership, but a similar thing happened when I went to pay off my mortgage. Apparently got the quote and submitted the payment on Friday but it wasn't actually processed until Monday, so interest had accrued on my mortgage over the weekend.

My last house payment with like $1.18, and I made it over the phone to ensure the rep would promise this would be the end of it. So I wouldn't fault the dealership too much, especially in dealing with a large bank like Suntrust.

Not taking your name off the truck for the new owner is a slip up, but wouldn't really be something to worry about.

 

[ShadowsPapa]

Not taking your name off the truck for the new owner is a slip up, but wouldn't really be something to worry about.

If that truck is used in certain crimes, the legal owner on the title can be in trouble.
Always when selling a vehicle or trading it, make really sure your name is off of it right away. At the very least make sure the DATE of the sale or transfer is on the back of that title (in Iowa, anyway) in ink.
When I sold a Jeep last spring, I contacted our county to inform them that I had sold it, gave them all of the information about the new owner and so on. Turns out he had transferred it right away.
Sign it, date it in ink - follow up if needed.

I often wonder if my parents had trouble when we were growing up as they sure drilled this sort of thing into us when we got our first cars -

From KBB -
It’s important to keep a paper trail when selling a car. At a dealership, the paperwork gets handled for you. When you sell a vehicle to an individual, it’s your responsibility to ensure the transfer gets dealt with properly. By doing the legwork upfront, it can eliminate hassles down the road.

Each state has different rules regarding proper title transfer, but most require that the seller and the buyer fill out paperwork to ensure the transfer is legal.

In many states, the seller signs the back of the existing title, along with the date, sales price, and exact odometer reading* before handing it over to the buyer. You should also make a copy of the signed title (both sides) for your records.

*An accurate odometer reading is critical when you sell. Once you sign off on the title, the odometer reading provides proof of the moment in time the car is no longer legally yours. Don’t round it up — the buyer could have an accident within two miles of the sale and claim that you are responsible.

Most states recommend that buyers and sellers complete a “bill of sale” along with a “release of liability” form to provide proof of the transfer and to protect the seller from any future tickets, violations, or other problems with the vehicle. DMV.org, a clearinghouse of all state DMVs, provides a sample Bill of Sale and Release of Liability information.

Send in the signed “release of liability” to your state DMV. This is important to ensure that the seller is not held responsible for anything that happens to the vehicle after the sale.


This from an attorney site -

After the private sale of a vehicle, the seller needs to ensure that title is properly transferred into the buyer’s name. The seller should complete all necessary paperwork and procedures required by the motor vehicles department or secretary of state, and maintain a copy of the completed transfer of title and related documents for at least 18 months.

Some states require that transfer of title be filed within a certain number of days of the sale. Be sure to check your state’s rules on title transfer. Failing to comply with the requirements may leave the seller open to liability for future parking tickets, toll evasions, traffic violations, or perhaps even car accidents.

In addition to a bill of sale, a private seller should also file a release of liability with the local DMV. A release of liability does exactly what the name of the form suggests -- it releases the seller from any liability for traffic violations or accidents that may occur after the sale, but before the vehicle has been registered in the buyer's name. If the private seller has completed and filed a bill of sale and release of liability, he or she is relieved of nearly all future responsibility related to the vehicle.

 

[Panthers65]

...

I read it as they didn't take his name off the dealerships network, not the states'. If he received a tax bill, citation, ect... I would agree that is a bigger issue, but Jeep's CRM isn't a legal program and wouldn't be used to tie anyone back to a crime.

 

[ShadowsPapa]

I read it as they didn't take his name off the dealerships network, not the states'. If he received a tax bill, citation, ect... I would agree that is a bigger issue, but Jeep's CRM isn't a legal program and wouldn't be used to tie anyone back to a crime.

We still get stuff from all sorts of places want us to do something with our 2018 WK2 which we haven't had for over a year. Even got stuff from Jeep dealers saying they wanted to buy our 2018.
I'm not sure if that's a dealer thing or their system as it happens every time we trade Jeeps, no matter where we trade or buy. For months, even a year later we get stuff from dealers wanting out prior Jeep vehicle.

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