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Colorado Springs - My Car Dealer wants me to come in and sign

my title over to them...
Colorado Springs - My Car Dealer wants me to come in and sign my title over to them for my trade-in because I signed in the wrong box. Issue is that I want the car back, which is still legally mine. They said they sold it on the 28th of June to t family in the local area. They also say that I signed a letter stating I would guarantee the title transfer to them. They said the car is legally mine, but ethically theirs. I told them I would write a check for the trade-in value. What is the chance of getting the car back?
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Answered in 1 minute by:
7/12/2013
Tina
Tina, Lawyer
Category: Consumer Protection Law
Satisfied Customers: 33,167
Experience: 17 years legal experience including consumer protection law.
Verified

Hello and welcome.

My name is XXXXX XXXXX my goal is to provide you with excellent service today. I am sorry to hear of your difficult situation. Before I can give you an accurate answer to your question, please provide the following additional information:

Why do you wish to regain possession of the vehicle? Has the dealer breached your agreement with them in some manner?

I look forward to assisting you as soon as I have received this information. Thank you.

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Customer reply replied 4 years ago


I am keeping our new car and would like the old one back. We are a family of 10 and the old car would allow us to reduce wear and tear on our other vehicle. The dealer did not breach the contract, but did get an excellent deal on the trade-in. Trade-in was $3000, but was worth $5300 in research I did after the fact. My fault. Additionally, my in-laws blew their transmission and needs $9000 in repairs, so the other option would be to give this van to them instead of loaning them money. I don't have a leg to stand on do I?

Hello again, Brisan, and thank you for clarifying the situation for me.

No, you don't appear to have a leg to stand on legally I'm afraid since the dealer has not breached the contract with you and you did sign a document agreeing to transfer title of the trade-in to them. Therefore, while you currently are the owner of record of the vehicle, the dealer has a contractual right to the title and if you breach it by failing to sign the title over to them, they can sue you for their damages, including the profits they lost from the sale of the trade-in to the other buyer.

I'm sorry, but it would not be wise, from a legal standpoint, to refuse to sign over the title to the vehicle at this point.

I hope this helps clarify the situation for you. Please remember to rate my service once you have all the information you need so I will be compensated for my time from the deposit you posted with this website. If you have any other questions, please ask me – I’ll be happy to respond. Thank you!

Tina

Tina
Tina, Lawyer
Category: Consumer Protection Law
Satisfied Customers: 33,167
Experience: 17 years legal experience including consumer protection law.
Verified
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Tina

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Tina
Tina
Tina, Lawyer
Category: Consumer Protection Law
Satisfied Customers: 33,167
33,167 Satisfied Customers
Experience: 17 years legal experience including consumer protection law.

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