#DealershipIssue #TitleProblem #LoanServicer #VehicleTitle #BMV #GrayMarketVehicle
#####What to Do When Your Dealership Hasn’t Given the Title to Your Loan Servicer
Are you facing a situation where your dealership has not provided the title for your vehicle to your loan servicer, even though it’s been over a year and a half since you made the purchase? Don’t worry, you’re not alone. Here are some steps you can take to resolve this issue and avoid defaulting on your vehicle.
######Contact the Dealership Immediately
The first thing you should do is reach out to the dealership where you purchased the vehicle. Let them know that your loan servicer has not received the title and that you are at risk of defaulting on your loan. Be persistent and make it clear that this issue needs to be resolved urgently.
######Visit the BMV (Bureau of Motor Vehicles)
If the dealership is not taking action to provide the title, consider visiting the BMV in your area. They may be able to assist you in obtaining the required documents or guide you on the proper steps to take to resolve the title transfer issue.
######Gather Necessary Documents
Make sure you have all the necessary paperwork, including a copy of the application for title, ready to provide to your loan servicer. This will help expedite the process and prevent any further delays in transferring the title to the appropriate party.
######Consider Legal Action
If the dealership continues to ignore your requests and fails to provide the title, you may need to seek legal advice. An attorney specializing in vehicle title transfer issues can help you navigate the legal process and ensure that your rights are protected.
######Follow Up Regularly
Stay in constant communication with both the dealership and your loan servicer to ensure that progress is being made in resolving the title transfer issue. Document all conversations and interactions to have a record of the steps you’ve taken to address the problem.
In conclusion, dealing with a situation where your dealership has not provided the title to your loan servicer can be frustrating and stressful. However, by taking proactive steps, staying persistent, and seeking assistance from the appropriate authorities, you can work towards resolving this issue and avoiding any negative consequences. Reach out to the dealership, visit the BMV if necessary, gather all required documents, consider legal action if needed, and follow up regularly to ensure a positive outcome.
Never heard of a grey market vehicle…but I agree! I would sit in the finance office till you have something from them and refuse to leave. You should not be the one this falls on, bc the bank took on the loan. Also if you e been making payments, they can’t default you, you could sue them if they did. But again, I’d go to the dealership and have them do the work.
The only advice I can offer is that you need a paper trail on this. After sitting in the finance office, send a follow-up email to the person you dealt with and your contact at the bank that summarizes your meeting.
The dealership doesn’t want to tell you they don’t really have the title, and the sale to you may or may not have actually been legal. You can try the ‘show up and refuse to leave’ game, but it might also be time for an attorney letter.
If they keep dodging you, it may be you have to get a lawyer who deals with commerical fraud or something, to get a judge to force them to give the title.
Given the timeframe involved and that the bank is threatening you, you may need to contact a local attorney. If I had to guess I’d say that the dealer never had the title and is trying to get it.
But you need to protect yourself which means stopping the bank from going through their process and potentially unwinding the deal with the dealership. All of this is going to take an expert.
It’s my understanding that Canada generally doesn’t use vehicle titles, so that document might not exist anywhere.
Go into the dealership because my experience is they’re fine to not even answer their phones nor messages. And the turnover rates are incredibly high, so you’re probably dealing with people rushing to get you off the phone.
They can apply for a replacement title if it’s been lost in the mail or something. So this is truly bizarre and incompetence running amuck. You need to go in and talk to the finance manager, not just an associate. Take the letter from your lender to show them what you’re being told.