Consumer Protection Law
Consumer Protection Law Questions? Ask a Lawyer Now.
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I am sorry for this dilemma. But not sure I understand your specific question. You have the new bike (title in your name)? And the title has a lien?
Does the title list the finance company on it as lienholder?
What does the contract say about title (specifically does it mention you will receive title and if so when)?
ThanksYOu want to read that contract. CAREFULLY.
They have to follow the contract provisions, just like you do.
If I were in your shoes, I would be concerned about WHEN I get title...it may be you agreed to wait till you paid off the bike (this is rare...but not unheard of...and it favors the seller over the buyer).Regardless, make sure you understand what the contract says and what you need to do to obtain title. Then do just that.
As for the finance company? Send them a copy of of the contract certified mail return receipt requested...that way they can not claim they do not know anything about this.
Please let me know if you have more questions. I am happy to help if I can. Otherwise, please rate the answer so I may get credit for my work.
No problem...feel free to respond here. I am in and out this afternoon but will be back this evening.