I have a range rover lease that I sold to a private dealership. I didn’t get any paperwork, just gave them the car and left, thinking all would be handled.
Now 2 weeks later, I do not know what to do. My account still hadn’t closed with range.
Is there anything I should be fearful about? Since he doesn’t have title, he can’t really sell the car. But is there any fraud that could be happening that I am unaware of?
He said he mailed check 8 days ago to Range for buy out, but Range says they haven’t received anything. What should I do here?? Processing right now takes 10 business days… but that’s after they receive the check, which they haven’t.
Usually, it takes time around a private dealership sending payment and getting back the title. Given the current market, I would say at least 20 days.
But that dealership didn’t make you sign any paperwork? Not even a paper for the agreed price? This is a bit strange.
What if the used car market drops around this time and they put an offer for less money? I wouldn’t leave my car until I have paperwork stating the agreed upon price and that they are buying it.
Yeah I’d go back and get SOME kind of paperwork showing you dropped off the car there. I’ve dropped off I think 6 leases thus far and have always had to sign something off from the dealer.
It’s a rhetorical question!
but yeah, I would just go to the dealership and ask them for some form of paperwork that says you sold this car on x date at y price. Did they not give you your car’s license plates?
I believe the dealership is supposed to have you sign a payoff authorization document instructing the leasing company to send them the title once the lease is paid off. If the lessee weren’t required to sign this document, any dealer can pay off anyone’s lease (with positive equity) and then take possession of their car. You should also have been required to sign an odometer statement.
I would go back to the dealership asap and get a bill of sale that shows the agreed upon purchase price as well as the agreed upon payoff price to LRFG (or other leasing company). Run, don’t walk.
This wasn’t dropping off a car at lease end at a Range Rover dealer. Seems like OP sold car to a private (non-franchise) dealer. Even then it seems like there would be a bill of sale/agreement and a signed odometer disclosure statement.
Correct. Nothing was signed. Dealer did text me a bill of sale…but with just his signature. Should I goto the dealership and sign the bill of sale? He never has asked.
I just don’t understand this process. He obviously can’t sell the car to anyone without title, so hoping he actually sent check into Range. Oh BTW, the check was not a cashier’s check, so that seemed sketch. Felt like he just wrote one out to show me one.
I just want to make sure I’m not going to get swindled here.
Nobody here has an answer for your question. Yes, you could be swindled. WILL you? Again, no idea. Only time will tell. 2 weeks is definitely not much time, though. When you hit the 1-mo mark, then I’d worry. But you have to keep making your payments in the meantime. RR will refund any overpayment in the end.
I spoke to Range and told them I gave the car to 3rd party dealership. Lady said even though she didn’t receive buyout payment, I don’t need to make payments anymore. I don’t freaking knowwww.
when the late payments hit your credit report, nobody is going to care that some lady told you not to make any more payments. As of right now, you’re responsible for timely payments until the transaction is complete. If it was me, I’d continue to make payments.
I don’t know NJ law, but in Texas, where I’m located, the seller has to sign an odometer disclosure statement. It’s a document that has the vehicle VIN and the current odometer reading. You signing that document verifies the mileage on the car when you sold it. It’s a state required document. I would contact the dealer and inquire about that form as well as a bill of sale signed by both parties. The only way he could maybe get out of you signing the odometer statement is if he plans to keep the car for himself. I think that would only work if he ran dealer tags on the car and never registers it in his name.
