chicago chevrolet dealer
02-08-2011, 01:17 PM
#1
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Join Date: 12-09-2007
Location: illinois
Posts: 44
chicago chevrolet dealer
i need some advice on what to do next i bought a 2010 used hhr traded in my truck which i still owed on , did this on jan 15 today i get a call from the loan company about my truck payment, saying it was late ,i told them i had traded it off jan 15 th i called to dealer kept getting the run around finally got some guy who said he worked for a company to manage the dealership . and he didnt know about anything that happened before jan 24th mean while i have a loan on the hhr and the truck i no longer own what should i do .oh the guy said the owner is out of town ......i needed to talk to him what do i do now!!!!!!
02-08-2011, 01:27 PM
#2
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Join Date: 09-10-2010
Location: Cleveland, Ohio
Posts: 904
i need some advice on what to do next i bought a 2010 used hhr traded in my truck which i still owed on , did this on jan 15 today i get a call from the loan company about my truck payment, saying it was late ,i told them i had traded it off jan 15 th i called to dealer kept getting the run around finally got some guy who said he worked for a company to manage the dealership . and he didnt know about anything that happened before jan 24th mean while i have a loan on the hhr and the truck i no longer own what should i do .oh the guy said the owner is out of town ......i needed to talk to him what do i do now!!!!!!
They may not have contacted your loan holder.
I made that perfectly clear with my dealership. They actually rolled the negative equity on top of mine to get out from under my POS Cobalt SS. Wasn't much, and I am happy with how things turned out.
02-08-2011, 01:52 PM
#3
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Join Date: 12-09-2007
Location: illinois
Posts: 44
yes it was to be paid off there is something going on at that dealership the guy i bought it from is gone and some company was hired to run the the place ......the balance was added to my new loan . so no i have a new loan and the old loan iam so pissed off i can see straight and i almost 2 hours from the dealership ...
02-08-2011, 04:53 PM
#5
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Join Date: 09-11-2007
Location: Palm Bay, Florida
Posts: 1,378
There was a dealer down here who said he'd pay off the loan on the car you traded in, but failed to do so. He went to jail and the original owners got stuck with the old debt.
It is better to have a car paid off before trading it in. In the old days it you took a loan out for more than 3 years you were upside down with the loan. The dealers are always willing to let the buyer take out a seven year loan.. Bad idea, IMHO if you need to take a long loan, the car you are trying to buy is too expensive for your budget.
It is better to have a car paid off before trading it in. In the old days it you took a loan out for more than 3 years you were upside down with the loan. The dealers are always willing to let the buyer take out a seven year loan.. Bad idea, IMHO if you need to take a long loan, the car you are trying to buy is too expensive for your budget.
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