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What does it take to run a car dealership?

Broker vanished. dealership wants to take the car back unless i pay the deposit again. what should i do?

  • I bought a car through a broker and got a decent deal. The broker picked up the car from the dealership and I picked it up from his company parking lot after I paid the deposit in cash (received receipt) and signed the contract. A month later, the dealership contacted me saying the check broker wrote to the dealership for my deposit is bad and threathened to take my car back unless I pay the deposit (again). They were asking me for the deposit because the broker apparently committed fraud and vanished after emptied out his accounts. Isn't there a regulation that protects comsumers from this type of incidents? As the dealership say, am I reliable for the deposit again since it was my agent working for me.

  • Answer:

    I think since it was the brokers check that bounced then it should be him they are seeking restitution from, how much are we talking about? I would contact an attorney if it is a huge amt.

duramate... at Yahoo! Answers Visit the source

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First of all, i never heard of a broker buying a car for someone else. Just go to the dealership yourself. Regulations for this incident. Before going to a broker, signing a contract and giving him a deposit, you should of read up on everything before. It's your own fault you are responsible for your decisions.

shawn w

Depending where you are from..laws will vary In Ontario the BROKER may not be licensed to sell you the car. In your situation it does not matter. You have a receipt for your deposit and the DEALER should have not released the vehicle before the money cleared. NOW....was this broker YOUR broker?...If it was a BROKER that YOU found...you are responsible for the deposit...receipt or no receipt. If it was a broker that the dealer found then it is not your problem. MAKE THIS A NOTE FOR EVRYONE READING THIS.....STAY CLEAR FROM BROKERS....brokers need to make money and usually are ADDING in additional costs that are not required like extended warranties....life insurance....documentation charges ...added INETREST POINTS ...etc... At my dealership I DO NOT ALLOW BROKERS IN...PERIOD..... If you are form Ontario send me an e-mail ([email protected]) or MSN me....

B_Auto

Best thing to do is to see an attorney.

WJVV

you need to go to the police and file charges. contact an attorney and see what the laws are in your state. good luck

notyours

get a lawyer. The car can be considered stolen property

norsmen

what a yucky situation! first- protect yourself by getting copies of the checks you wrote, your reciets, and any paperwork you have on this- second- contact your bank about this fraud- they can help you eiter cancel your check and get your money back from the guy that fled... don't pay the fee again if you've already paid it- the car company choose to work with that broker-if you can prove that you've paid don't pay again! next- contact the Better Business Bureau at www.bbbonline.org- and call them- they can give you more specific info for wher you live. they are a trustworthy third party that will help you understand your legal rights and finally- get a lawyer if needs me- you've done nothing wrong- don't let yourself be a victim!

miss m

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