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Ok, this is a long story but I am gonna make it as short as i can.
I bought a car from a dealer in another state.
I paid for the vehicle in cash.
The dealer bought my car from an auto auction.
bounced the check he used to pay for the car by mistake.
the auction came and took the car back.
the dealer went and paid the auction for the car.
Everything was going well except for now this issue.
The DSC "Dealer services corporation"
that the dealer used as financial help with buying cars etc….they have a floorplan of vehicles they basically borrow money to the dealer, so the dealer can purchase cars, and when a car is sold they pay the "DSC" back what they borrowed.
My issue is that the dealer owes the DSC money from other sales that were made and were never paid back.
They have all the titles to the vehicles that were sold.
The titles to the vehicles that were on "borrowed money"
that were on the floor plan.
They have the title to my car even though it was NOT one of the cars that were bought with the "borrowed money" and it was NOT on their floorplan.
They do not want to give me the title because the dealer owes them alot of money but they dont have any legal right to the vehicle now because I have the bill of sale and reciept for the car that it is already sold.
What can I do???

Question by Frekwii: Car Auctions: are they a good way to get a nice car at a low price?
I need a new car but I cannot afford much of a car payment at this time. A friend suggested that I try a car auction. I know very little about how a car auction works but I am “researching”. Is this really a good way to go or are there too many risk for someone who has not a clue about a car engine.

Best answer:

Answer by Daniel
It’s not something you should do if you’re not car savvy

Know better? Leave your own answer in the comments!

My car payment was 3 months behind and I recently made the 3 month payment. But, my car was repossessed early this morning around 4am. I have a confirmation number for the payment and the car company is now saying they never received it. Can I take legal matter’s against them for this?

I live in Tennessee And the interest charge was like 8000 on a 12000 $ car which comes out to like 40% [I know I got ripped off] it was three years ago 349 for 60 months. I paid for three years then lost my job and tried to get ________ to work with me when they bought my loan and they refused to lower my payment . I had been in default since Feb and my car was repoed two weeks ago and my mom just took money out of her retirement from her old job to buy me a used car and pay off hers . should I be worried about them seizing my new car for payment? im not going to pay a dime back no doubt, can they really go after personal property in Tennessee? I need real updated sources of information . judge me all you want for not paying the loan but please remember this is yahoo ANSWERS and I need one .

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