“Can a car dealership repossess a vehicle if a disputed down payment is involved? How to prevent potential repercussions following a dispute with a dealership and credit card company?”
Update: Toyota dealership refunded disputed amount after contacting corporate and discussing situation. Thank you for the support!
In Jan 2024, I purchased a Toyota for my wife, but the dealership added an extra 8k to the loan without consent. After legal battles, they promised a partial refund but never followed through. I disputed the down payment with Amex and refinanced the loan. Can the dealership repossess the car? What steps can I take to protect myself? #CarDealership #DisputedPayment #RepossessionConcerns #CustomerRights
>my lender the additional charges were in warranties. I fought them with a lawyer via demand letter and they agreed to refund part of it at 5k out of 8k.
Is there a reason you didn’t simply cancel the warranty and get a pro-rated refund (which likely would have been far more than 5k of 8k)?
You’re likely going to have a problem because of how you addressed this. Even if everything went according to what you said, you’d still have $5k of exposure, so you can realistically even argue that you’re offsetting this. There’s a real chance of repossession and a negative credit mark.
AMEX isn’t a court. Their rulings aren’t binding on creditors and third parties.
Did you not read what you were signing? You have to sign the loan docs to get the loan. Whatever is on that intially, you have to pay.
How can they refuse to give you loan documents? What did you actually sign at the dealership? I feel like there’s some missing information here.
What kind of signed documents do you have and what kinds do they have? The latest document signed by both parties is going to determine what the situation is.
IAL, NYL, what state are you in? That makes a difference.
Generally, there is a process to effectuate a repossession that requires notice. So it’s unlikely you’d wake up and find the vehicle gone.
Also, your state may have a regulatory board for dealerships that you can contact.
If the report on your credit or engage harassing debt collection you may have grounds for a federal suit under the FCRA or FDCPA.
Find a lawyer and sue them
In my opinion, you should file criminal fraud charges.
> The dealership contacted me… promising to return the funds
Time 14 of 14?
The only possible way it could have been added after the fact is if they drew up a completely new contract and forged your signature. Is that what happened?
I hope you get your funds back. So sad to hear such horrible experiences.
You should file a police report with the facts. The stealership is in for a (criminal) surprise from the DA, if they pursue it.
Nal but title is already in your name with a lien from the loan company, car lots out of the picture now imo
Who is this car dealership? I know this is all your opinion so saying who they are can’t come back to bite you. But it’s my opinion that I’d like to consider other car dealerships besides the one that may or may not have been involved in this alleged fiasco.