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by bombcar
1287 days ago
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That’s a relatively minor one compared to what I’ve heard tell of - imagine buying a new car to only realize they gave you one that didn’t match VINs with all your paperwork - because they had two on the lot and you don’t notice u til you go to sel it years later. |
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But months pass and they don’t pay it off..
Then, after escalating, they pull a fresh payoff amount directly from your bank and pay that.
Leaving the buyer with either:
a) late payment marks on their credit from the old loan not being kept current with monthly payments, or
b) several months of lost monthly payments towards the loan for a vehicle that is no longer in the buyers possession