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View Full Version : Used car buyers getting stuck



bscar
02-02-2009, 06:07 PM
...with the previous owner's bill.
As dealerships close, they're not always paying off the loan on the vehicle that gets traded in, leaving the new buyer with the payoff.

http://news.yahoo.com/s/ap/20090201/ap_on_bi_ge/dealer_defaults

Another reason why you should pay off your vehicle before you trade it in.

Raider
02-02-2009, 07:12 PM
Yeah, Gainesville, FL Mazda dealer shuttered last Thursday.