New engine due to arrive and be ready for install in 2044! Sounds about right. but at least they saved you the few weeks of ocean transport.
Chris You are a Sponsor of Ferrari Chat. You are offering cars for sale to people on this site. Here's the simple question that I think is important for all of us who might consider buying a car from you to have a clear answer to. If you sold someone a car that, for what ever reason had a cloud on it's title, caused the person who had bought it from you in good faith, to be pulled over by the Police, detained, handcuffed, and had the car confiscated, upon being notified of that happening would you immediately and without requiring the buyer to sue you return the buyers money? Best
Jim, Good question! As I said in my post, in South Dakota, following the law it could not happen: But if it did, I would have no choice but to refund the money! I would have to notify the customer before the police would even be involded. I would have too. All dealerships do! See the contract has nothing to do with who I bought car from, but between the dealership and the buyer! It is not admitting any guilt...I do expalin alot above! Bare in mind I throwing no one under the bus...I am just staing that the leasing company is not in this nor is the LV dealership..just 2 people..the buyer of the car and the seller who wrote the PO! For me I know my titles before I can even sell the cars! The title is my dealership name...Any issues would cause a rejected title and the car could not be offered for retail or wholesale sale! I do not have a Title if it is rejected!! ...just read above!
Thanks for the clear unequivocal answer that if this had somehow happened with a car you had sold that you would immediately refund the money to the buyer without having to be sued and that under the Law you would be required to. Best
Jim, If I used dealer reasigmnet on a title to a retail (not wholesale) buyer (which I could not do and would not do) then this could happen, I would first be contacted by either my state or there state letting me know about the issue...I would make the customer bring the car back..I would give him a full refund, since he never really bought the car, and go after everyone I could! I want to be real clear here...that yes the leasing company did wrong from the way sounds...Cats Exotics did what there law in there state allows with dealer reasigmnet to out sate of buyers...But this issue has nothing to do with the leasing company, or anyone else...Just the buyer and seller...
The only thing I don't understand is "bring the car back" as in this case I don't think he can as it was confiscated by the Police. Best
I have the (perhaps mistaken) impression that, in the instant case, the title clouded after due diligence establishing a clear title had been done. Based on what I've read here, the culprit appears to be one of the lease company partners who, in response to the other partner's actions, filed a false police report causing injury to all concerned. Furthermore, you could execute the refund without prejudice so that other parties could not assert any legal implication to the act.
Well during the temp tag period, when a new title was issued, it would have been rejected...either the selling dealer or the new owner would have been notifed that the title was being rejected! Now keep in mind in regards to my post..that I am speaking to genrals of things happen with reasigment of title...Someone asked about title insurance? No need for it...if the stae makes it dealers sell instate and out of state or floored cars or consighmnet cars the sameway like we do in South Dakota...
To the first part of your question..no, the title was passed broker to broker in whats called dealers reasignment Now once again..I speaking in genrals and not this issue per say... To the second question!!!! Well the dealer did not do anything wrong, there nothing to show guilt! They had a messed up title, they returned the funds, they did nothing to get sued for...I checked with our insurance agent and bonding company...they would pay...we are just doing what the states requries us to carry a bond for!
dont be an idiot all your life. as soon as you make a post ANYWHERE on an internet forum it becomes public domain as ofr making threats - well we here on fchat dont appreciate that. now that made me laugh - LOL
Yes it is and I'm glad that Chris who is a dealer and Ferrari Chat Sponsor very clearly and unequivocally stated that he would immediately return the buyers money if this had somehow happened with a car he had sold without having to be sued and would be required to do so under the Law as you pointed out 25 pages ago. Best
We'll make it to 100 page's by the end of this coming week! LOL oOoOoOoOo Joy!!!! I wish I could get a dolla 2 everyone that replied to this thread! Start to get richhhh!!
Here's another interesting thread. http://www.ferrarichat.com/forum/showthread.php?t=131188&highlight=roy+stolen+car
Good morning everyone from beautiful snowy Pacific NW. Boy has this been a trying week for me, I have more gray hairs and probably lost 2 years off of my life. A few things; 1) Chris, thanks for your post, but we must add that that is what IS REQUIRED in your state and those are not the same laws and requirement in my state. I would however be more than happy if anyone wants one of my cars to Dealer wholsale and/or trade (as we have done in the past) with Chris so as to make sure you have the tightest Law in the country working on your car purchase. I have no issue with Chris and his company at all. 2) It also MUST be pointed OUT that HAD this tranasction gone thorugh Chirs and or his State Laws, the outcome would have been the same, AS the title HAS never had a lien on it from day one, not stamped, not electronic..nothing..so it would have happened there as well as here. 3) Of course hind sight is always better. I can tell you for sure if I had to do this over I would have done it differently. It is the first time it has happened to me and I was more than likely ill advised on how to deal with it. But I did do it this way and I have to live with it. 4) I pubilicly apoligize to MIKE and JOSH both for my comments and out lash to them. It was un called for and I should no better at my age. However you must relize after so many attacks, yes I snapped, again it is done and I have to live with it, but I am sorry for any pain it caused you. 5) For the report of the car being reported STOLEN on December 22, I agian do not belive this. I still have not till today or anyone else seen a Police Report, court order or have any information to substaniuate this claim. What I do think is possible is that the private Detective working for the leasing company DID, as I know he was in Vegas last week, file a report with the LV Police and at that time he may have stated in the report that the supposed "theft" occurred on December 22, that is probably more accurate. But still again, IF the car HAD been reported stolen and a Police Report HAD been taken, anywhere in the USA, the reporting agency is REQUIRED to enter the car into NCIC with in 24 hours, THIS IS KNOW for a fact due to my previous Law Enforcement career. With that I can guarantee you that at the time of the sale and as of LAST WEEK there is NO STOLEN NCIC (National Crime Information Center) in regards to this car and its vin#...PERIOD. 6) It may now be to late and I am sure I am giving up any and all rights with my insurance company, however for JOSH...I make you this offer in an attempt to do what most here think is the right thing to do..PLEASE provide me, the CLEAR and LIENLESS Title I sent to you at the time of sale. Over night it to me today. I will give you our FedEx account, go to any Kinko's and DO IT NOW. Upon reciept of the Title I will also have you sign an agreement that gives up any and all rights to this car now or in the future. In exchange I will refund all your payments in the same form you paid i.e. credit the credit cards. HOWEVER there must be some form of payment for 90 plus days of use with the car and almost 7K miles on it as you state you have put on it..I do not know what would be fair here...maybe something like $1.00 a mile and $3000.00 per month rental fee....maybe others have an idea...I think that is fair. After all, as much as a problem this has been, you as well could have taken a different route with me...and you have had the pleasure and use of the vehicle. I do not know what more to say folks. I am not closing my doors, I am not going out of business. I am sure this has hurt my business and I am sure their are those that would never ever buy from me in the future...well I will have to live with that. Thanks Roy L. Cats
Roy I think this is a fair and reasoned post and offer which I think Josh should show to his lawyer and accept. For the record Mike has posted on LP the NCIC #. Whether or not this # is correct I have no way of knowing but it is posted on LP. Sincerely Jim PS. I think you meant to say "I am not closing my doors,"
Can someone get that number over here please...and does it have the date on entry into the system...that would help us all out a lot.
Roy, No issues at all with you!!, like I said in my post I am speaking in genrals, there was a lien noted in dec....So in my state the title would have been rejected! I think all states should use our laws and if the states do not want to use them the dealers should choose to! Also as I stated each state has there own laws and Roy did what is allowed in his stae..but this could be the outcome of reasigmnet.... I am glad that South Dakota has the tightest laws under the sun...but we can assure you a free and clear title!
Can you please provide or show me what evidence you have that there was a LIEN on this title in December? I would really like to see that?
