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Amex won’t guarantee a car purchase, we already checked. We have an estimate to fix things to keep car to pass the inspection, clear out the water and it will be good for now.
Thanks everyone for their insight. First as is car, don’t know if I’ll ever do that again!!
If you do, have it inspected by an independent mechanic before purchase.
One point I haven't seen mentioned, if you can prove fraud you have a case. If the dealer sold you a vehicle that was in a flood and was aware of it, he could be liable for fraud and have to refund your money. The fact it can't pass inspection could also save you, worth while to consult a lawyer.
In most cases, as is is as is, however not in a case of fraud..
As crazy as it sounds, you may have been in a better position had you financed the vehicle, that way you could stop making payments and eventually it would go before a local circuit court judge (when the financial institution tried to come after you for a judgement).
I had a neighbor that bought a POS car like this but he financed it, he never made one payment, when it went before the judge, (this particular judge was known for siding with the little guy). he dismissed the suit entirely! the guy got out of it 100%.
As crazy as it sounds, you may have been in a better position had you financed the vehicle, that way you could stop making payments and eventually it would go before a local circuit court judge (when the financial institution tried to come after you for a judgement).
I had a neighbor that bought a POS car like this but he financed it, he never made one payment, when it went before the judge, (this particular judge was known for siding with the little guy). he dismissed the suit entirely! the guy got out of it 100%.
No faster way to ruin your credit rating than to not make payments. Even if you do prevail in court, that is totally different from your payment history. ( I was in credit management for a good portion of my life.)
Basically, the financier doesn't care if the car was a lemon or not, they only know they loaned you the money to buy it. If you made a mistake, it is YOUR mistake.
So let me get this straight - you bought a used car from a car dealer that is a flood car? and you haven't received the title yet?
If the car has a salvage title and they didn't disclose that you have a legal argument to get your money back as this is fraud. If the title is clear, or has a salvage title and they disclosed it (you'd have been nuts to buy it if this is the case btw) then you are probably screwed.
Btw there's nothing unusual about waiting a few weeks to receive your title when buying a used vehicle without financing from a dealership - I've done this in a few different states and that's how it's always worked for me.
Scrap the car now or be prepared to invest in a never ending money pit. Chalk up whatever you paid for the car as expensive experience.. As the car was bought from a dealer threaten legal action and see how the dealer responds.
Here in NY, there is a 30 day lemon law that protects anyone that buys a car from any dealer, I believe. Check with your state laws. Also, they can’t sell a car with a salvaged title. Check for that.
This is valid for vehicle under 100k miles in NY and only covers specific items, not the entire vehicle. But this one sounds like it wouldn't have been able to be sold in NY because dealers are required to have them inspected and this one would have failed due to the check engine light.
One point I haven't seen mentioned, if you can prove fraud you have a case. If the dealer sold you a vehicle that was in a flood and was aware of it, he could be liable for fraud and have to refund your money. The fact it can't pass inspection could also save you, worth while to consult a lawyer.
In most cases, as is is as is, however not in a case of fraud..
She said they had a CarFax done. If that didn’t show the car was flooded I don’t know how OP could show the dealer knew (if it even was).
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