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  1. #1
    Join Date
    Mar 2015
    Location
    Kailua, Honolulu County, Hawaii, United States
    Posts
    2

    Default Dealer Paid Less Than Agreed on Trade-In, Won't Give the Buyer Credit

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

    Hi everyone,

    We leased a new car on 02/17/2015.
    This included a trade-in with a 10 day pay off of 18145.00.
    The dealership paid the trade-in today, 03/31/2015 for $16729.00, which was the remaining as I continued to make payments on this car.

    During the time from the trade-in, to the dealership actually paying it off, a new Finance Manager took over, the Finance Manager we originally worked with was "no longer with the dealership".
    For some reason, only explained as it was declined due to issues with contract, our lease paper work had not made any progress until 3/12/2015, when we were finally told everything went through and was approved. We did not have to resign any paperwork

    Our next payment for the lease was supposed to be 3/17/2015. On 3/20/2015 I get a call from the new finance manager asking for the monthly payment on the lease, which I declined to pay. I called the leasing company, got my account number and was told everything was fine, the next payment due is on 4/17/2015. They could not explain why the dealership is asking for a monthly payment, they assumed I received a special from the dealership that included the first two months paid by the dealership.

    This brings me to the following questions:

    1.) Can the dealership pay less on the trade-in that what is stated on the lease contract?*
    2.) Can I be liable to pay the monthly payment the dealership was seeking (they have not made any further contact with me via mail or phone)

    *One area that concerns me is the trade-in section of the lease has N/A for all vehicle information. The only sections filled out are:
    Gross Trade in allowance
    Less: Balance owing on trade-on and
    Net trade-in allowance

    Any help is appreciated.

  2. #2
    Join Date
    Sep 2011
    Location
    OH10
    Posts
    17,019

    Default Re: Dealership: Waited to Pay Trade-In, Paid Less Than Was on Agreement

    If those sections are blank, it appears there is room for legal arguments to be made on both sides. I think the most obvious is that you continued to drive the trade in, waiting for the paperwork.

  3. #3
    Join Date
    Mar 2015
    Location
    Kailua, Honolulu County, Hawaii, United States
    Posts
    2

    Default Re: Dealership: Waited to Pay Trade-In, Paid Less Than Was on Agreement

    Thank you for the reply Disgreeable.

    I would like to elaborate the fact I was driving the lease from day one, the trade-in remained at the dealership the entire time.

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