**WARNING** About Trading Your Vehicle Right Now!!!*****

[supercar1of1]

The news here just issued a warning here for people to

be careful about trading a vehicle right now. Dealerships are folding

without paying off the balance on the traded in vehicle, which leaves the

customer owing for both.!!!

They said that between to Dealerships(one a DODGE DEALERSHIP) have left customers on the hook

for over $18,000,000.00 combined. Thats MILLION folks!

Mods, Please make this a sticky.


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[Wifey]

The news here just issued a warning here for people to

be careful about trading a vehicle right now. Dealerships are folding

without paying off the balance on the traded in vehicle, which leaves the

customer owing for both.!!!

Mods, Please make this a sticky.




.

They are busy banning member 9100 for me. :dontknow:

Good information, thank you for sharing :rock:

 

[supercar1of1]

bump!!!!!!!

 

[Greg Z]

This is not just happening with the bigger New car stores, its also happening with the lil Used car Dealers. I own a Very small used car dealership and quite a few of my competiton lately have shut doors and have done it owing banks and customers.

 

[GILMO'S10]

that happened down here in sw florida when times were good!!!Local Mazda dealer was taking trades and not paying them off leaving the previous owner still owing money on a car/truck thay dont have.!Needless to say thay are long gone but not sure what happened to the people still hanging.

 

[EMT/SRT]

It is happening. We went to repo a car the other day and the lady said she traded it in two weeks prior. Went to the dealership and they had not paid the car off at the bank and it was already on their used lot for sale. That is why the government took down Bill Heard Chevrolet.