Black88GTA
Diamond Member
Some of you may know that I recently purchased a new (to me) car. Here's a pic. I was supposed to pic it up tomorrow, but now the seller (private owner) is refusing to release the car! :|
I got a loan from my bank to purchase the vehicle. However, there was still a lien on it, which would have to be paid off before the bank would release the title. OK, fair enough. I asked my bank how this is normally done, they said to have them make the loan disbursement check out to myself, the seller, and the seller's bank. So I did this. I signed the check and overnighted it to the seller, who then sent it to his bank to pay off the remainder of the loan on the car. This was completed the 14th of August. So at this point, the check has cleared already - there is no way I could touch the funds or stop payment on the check even if I wanted to. The bank is saying that the car title should arrive any day now.
However, the seller's bank then informed him that it would be up to a month before the overpayment check was sent back to him (WTF, it takes a fvcking month to subtract remaining loan amount from check amount and cut a check for the difference?) but anyways, he is now refusing to give me the damn car until he gets the check in his hands. Nevermind that I am completely out of the picture as far as the money is concerned at this point - I can't TOUCH it. I should note that the seller wanted me to make the check out to him only, and he'd take care of paying off the loan and getting the title for me. Gee thanks, but uhh, I'd rather not give a $$,$$$ check free-and-clear to a complete stranger in a neighboring state and trust him to take care of it. :roll:
I'm fvcking pissed because I was planning on driving home for Labor Day weekend in it, and my current car won't make it. I've already canceled my trip home twice for various reasons, and now it looks like I'll have to cancel it yet again.
So who is right? Me (I think I should be able to pick it up now, obviously) or him? Am I being unreasonable wanting to pick up right now? What do you guys think?
I got a loan from my bank to purchase the vehicle. However, there was still a lien on it, which would have to be paid off before the bank would release the title. OK, fair enough. I asked my bank how this is normally done, they said to have them make the loan disbursement check out to myself, the seller, and the seller's bank. So I did this. I signed the check and overnighted it to the seller, who then sent it to his bank to pay off the remainder of the loan on the car. This was completed the 14th of August. So at this point, the check has cleared already - there is no way I could touch the funds or stop payment on the check even if I wanted to. The bank is saying that the car title should arrive any day now.
However, the seller's bank then informed him that it would be up to a month before the overpayment check was sent back to him (WTF, it takes a fvcking month to subtract remaining loan amount from check amount and cut a check for the difference?) but anyways, he is now refusing to give me the damn car until he gets the check in his hands. Nevermind that I am completely out of the picture as far as the money is concerned at this point - I can't TOUCH it. I should note that the seller wanted me to make the check out to him only, and he'd take care of paying off the loan and getting the title for me. Gee thanks, but uhh, I'd rather not give a $$,$$$ check free-and-clear to a complete stranger in a neighboring state and trust him to take care of it. :roll:
I'm fvcking pissed because I was planning on driving home for Labor Day weekend in it, and my current car won't make it. I've already canceled my trip home twice for various reasons, and now it looks like I'll have to cancel it yet again.
So who is right? Me (I think I should be able to pick it up now, obviously) or him? Am I being unreasonable wanting to pick up right now? What do you guys think?
