'Can they send a repo guy and take it away from me?': Customer finances car. Then they check remaining balance

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'Can they send a repo guy and take it away from me?': Customer finances car. Then they check remaining balance

//business-finance.news-articles.net/content/202 .. ances-car-then-they-check-remaining-balance.html

Published in Business and Finance on Thursday, December 19th 2024 at 15:20 GMT by The Daily Dot
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

"I want my car and I never wanted to sell it," they said. "But now once the dealership receives the title, can they send a repo guy and take it away from me?" In a series of follow-up comments, u/Maybe_Separate said that they had issues requesting a duplicate title from their local DMV.

The article from the Daily Dot recounts an unusual incident where a car dealership mistakenly paid off a customer's car loan. The customer, who had purchased a used car from the dealership, was informed by their lender that the remaining balance on their loan had been unexpectedly cleared. This error occurred because the dealership, in an attempt to rectify a paperwork mistake, accidentally processed the payment of the entire loan instead of just the down payment or a portion of it. The dealership acknowledged the error but initially struggled to resolve the situation, leaving the customer in a bizarre position of having a fully paid-off car without having made the payments themselves. The story highlights the complexities and potential for errors in automotive sales and financing, and how such mistakes can lead to unexpected benefits for customers.

Read the Full The Daily Dot Article at:
[ https://www.dailydot.com/news/car-dealership-mistakenly-pays-off-loan/ ]