Re: Used Car from Dealer - Title Issues
I was told by my bank and by a couple friends that they illegally sold me the car, is that true?
well son, this may be your lucky day.
It's a great car and all, but in hindsight I could have done better.... What are my options if any?
since they could not convey title to you, they are in a sticky situation of either figuring out (very quickly) how to convey title to you or rescinding the sale.
I would not allow any time for them to make whatever corrections they may be able to take to obtain the title. The simply fact is, they did not and do not have title now so they could not legally sell the car to you.
I would contact your bank and let them know your intentions. They may be able to do something about reversing any payments they made to the dealership.
the other option; wait for the title. Understand that if the dealership does not have legal title, they may not ever be able to get legal title which to convey to you. How do they know there is not some problem or lien on the title they cannot clear?
I am not an attorney and any advice is not to be construed as legal advice. You might even want to ignore my advice. Actually, there are plenty of real attorneys that you might want to ignore as well.