Cheap Cars, Expensive Problems.
I’ve talked with a few clients in the last month who bought vehicles from a dealer who went out of business shortly after the sale. This used car lot was new in town and attracted these clients with the image of a good deal. “[The new guy] had some good deals and was easy to work with… [sort of]“.
This fly-by-night dealer has never paid for the vehicles sold, therefore never had the titles to transfer to the buyers. This dealer has now filed for bankruptcy and will never pay the previous owners leaving them with the titles and more than just my two clients with the vehicles that may never be theirs.
Both of these customers are making monthly payments on cars for which they may never be able to get the titles. Many others have paid in full for their cars and can’t get titles. All of them cars that were never the dealer’s to sell in the first place.
On top of not having titles these folks are left without a dealer to which they feel comfortable going back next time they need a car.
At Washington Auto Credit we only use large dealers who have been in business for many years. We choose our dealers wisely based on stability, business practices, and inventory. Not only will we help you get approved for the best loan you can, we will also be sure you have a friendly dealer to come back to and that you are buying a car that you will actually own.
Tags: buying used cars, used car dealer, used car loan
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Tags: buying used cars, used car dealer, used car loan
