Legal Question in Consumer Law in Missouri

I purchased a new car on the first of march and had a trade in. The dealership has not paid off my other car therefore the loan company has taken another loan payment. I have called the dealership several times and all they say is they will call me back. Is there something else I can do?


Asked on 3/27/14, 4:08 pm

1 Answer from Attorneys
Anthony Smith LawSmith

You need to look at your loan documents to see if the dealer was responsible for paying off the lien on your trade in. Too many people just assume that this will occur. If the amount owed on the trade in was calculated in your new loan, the dealership was probably responsible for paying the fist creditor. If there were to pay it off, you may be able to lessen your payment on the new loan by what you have now paid to the old lender.creditor. If the dealership (or new lender, if they aren't the same) has not resolved this with you, it is time to consult directly with a civil practice attorney in your area.

Good luck

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Answered on 5/21/14, 11:42 am


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