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  1. #1
    Join Date
    Mar 2010
    Posts
    2

    Question Dealer Financed Loan and the Dealer Disappeared

    I bought a used car from a dealer and he ended up financing me himself for a two year loan with no backing from a bank so I've just been mailing him my car payment. Around the end of last year the dealer went out of business and disappeared. I didn't know until my January check never got cashed and my February check got returned to me by the post office. I drove by their location and it's an abandoned building. I mailed my March check anyway so I can say that I tried at least.

    My last payment is in May, I still have all my paperwork from when I bought the car and I'm wondering what I can do at this point. I tried finding the guy and have had no luck.

    Help?!

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Dealer Financed Loan and the Dealer Disappeared

    This is in what state?

  3. #3
    Join Date
    Mar 2010
    Posts
    2

    Default Re: Dealer Financed Loan and the Dealer Disappeared

    Sorry for the late response. This is in Colorado

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