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  1. #1
    Join Date
    Sep 2011
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    1

    Default How Long Does a Dealer Have to Pay Off a Trade-in in the State of Missouri

    My question involves a consumer law issue in the State of: Missouri

    I have read other threads that mention some states have a specified time frame for dealers to payoff the note on your trade-in.

    I am at Day 12 and the Selling Dealer in Kansas City Missouri has yet to pay off my existing note on my trade vehicle.

    Any thoughts/advice?

  2. #2
    Join Date
    Sep 2005
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    Behind a Desk
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    71,737

    Default Re: How Long Does a Dealer Have to Pay Off a Trade-in in the State of Missouri

    I don't see anything in the state statutes or regulations, or on the DOR site, that defines a maximum period and, in the absence of such a provision, the default would normally be "a reasonable time". (Take a look for yourself.) A "reasonable time" would mean "reasonable under the facts and circumstances" and might consider industry practices; it does not imply that both parties involved have to agree that the time is reasonable.

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