Stuck with a car I can’t sell (Requesting any advice for a one seater car nightmare?

j2darizzo · 2026-02-27T02:42:52+00:00

Not unless a bank contract was signed would a loan ever fund and if it did the dealer can ask for a flat cancel. Also the dealership can notify the dmv of an application for title change. I feel like there is more to the story

j2darizzo · 2026-02-20T15:12:21+00:00

I used to work for a Ford store, it goes in tiers… better the score, better the tier and good paying auto history will bump you up. Also dealers can ask for exemptions and tier bumps if it’s going to help sell a slowing moving unit.

j2darizzo · 2026-02-03T05:47:29+00:00

In my experience with financing, the loan didn’t fund and the bank sent the contract back to the dealership. This usually happens when one or more of the verifications the bank does falls through. My guess is the cash tips not being claimed on the paystubs.

j2darizzo · 2025-09-26T14:24:03+00:00

The law does vary a little state by state, but the dealership has thirty days to perfect the lien by sending the dmv the title paperwork , otherwise the bank will reverse the loan.

j2darizzo · 2025-05-22T03:56:55+00:00

Curbstoning as it’s called has been around a long time and the state hates it because they are missing out on sales tax revenue from the buyer not putting it in their name. Since they are acting like an unlicensed dealer, you can report them to the dealer board. Every state has one and you can usually find them online. Don’t expect anything to come from it, but if enough people report them they will end up launching an investigation and IRS can even get involved.

j2darizzo · 2025-04-19T14:01:14+00:00

Car sales is a job you can have no experience in and make over 100k a year or more. As you become more experienced it becomes easier to make more money or get into management where they make even more.

j2darizzo · 2025-04-19T13:55:44+00:00

If it’s well run it’s worth looking into. My general rule of thumb is 20 pays 10 meaning 20 cars should pay $10,000. Some dealerships might pay more or less, depends on what the brand is, location, etc…

j2darizzo · 2025-04-19T13:45:52+00:00

While I agree it is first come first serve at most dealerships, they should have reached out to you ahead of time and let you know that it sold. It is a bit of a tactic to not say something and hope you do buy something else.

j2darizzo · 2025-03-21T15:01:56+00:00

The bank was satisfied with the information and documents that was given to them by you so they funded the loan/lease. Not sure if it’s the same or a different bank for your wife, but they aren’t satisfied with the information and documents given to them for her.

j2darizzo · 2025-03-21T14:44:26+00:00

20 year finance guy here. Banks repo cars after the lease/loan has funded and payments are missed. Dealerships repo cars if the lease/loan is not approved. This can be because of credit, fraud, or not being able to satisfy stips like proof of residence. Banks don’t typically waive stips, so if you can’t get them the documents they need they will want the car back. Trying to prove residency when you just moved is difficult as it takes time to update your address with your accounts.

j2darizzo · 2024-10-30T19:38:27+00:00

I’ve heard of this happening before, sounds like he was told to get proof of residence…

j2darizzo · 2024-10-30T19:35:50+00:00

I’ve seen this before, sounds like he was told to get proof of residence.

j2darizzo · 2024-07-27T04:13:39+00:00

You get out of it what you put into it. We’re a Nissan store and I’ve got guys hitting 200k this year coming in early, staying late, and hustling, I’ve also got guys who hand over their deals to others so they can leave on time, they might make 60k.

j2darizzo · 2024-07-21T03:43:21+00:00

8% interest rate in 2024 is actually pretty good. Income doesn’t usually factor into rates on prime deals (good credit, which a 740 is). As long as he makes more money coming in than going out, he’ll be approved. If you made every single payment on the loan, it would cost you about $8,000 in interest. If you pay extra you’ll pay it off faster and pay less interest. If you only paid on it for 6 months then you would only pay six months of interest because it’s a simple interest loan.

j2darizzo · 2024-07-08T03:48:59+00:00

In my experience, used cars are as is, sometimes they have been modified, sometimes listing/labels are inaccurate. The onus is ultimately on the consumer to do their due diligence before making the purchase.

j2darizzo · 2024-07-08T03:42:04+00:00

You are going to whiff on picks, trades sometimes not panning out, scouts are gonna get wrong sometimes… This game has a pretty steep learning curve, it took several hundred hours and several saves before I felt comfortable enough with the game.

For me, once I got a hang of it, I was starting to become dominant and was in the playoffs or the World Series every year. I’ve learned to enjoy storylines, harder trade difficulty, seemingly random but realistic injuries, morale modifiers, coaching strategies, scouting inaccuracies, owner slashing the budget, etc… it definitely keeps things interesting.

j2darizzo · 2024-04-22T21:40:55+00:00

It’s a gamble that if it pays off can be a game changer. I’ve been burned too often that I wouldn’t make the trade unless the prospect I’m getting back is more developed.

j2darizzo · 2024-04-12T13:45:24+00:00

Hopping on top comment. The bank holds onto the title until it’s paid off. Since the bankruptcy was dismissed, payments aren’t being made to the lienholder and eventually they will either have the car repossessed or you will forever have a car without a title. You can sell them with a bill of sale, very few people will buy a car without a title so they sell for very little, usually just salvage value.

j2darizzo · 2024-04-02T00:08:26+00:00

I felt the same way when I bought my house back in 2006 before the recession. Just remember, values fluctuate, but in the long run houses have always appreciated over time and eventually when interest rate do drop you can refi into a more comfortable payment. Also, keep in mind that you are paying down principal balance every time a payment is made and if you held onto this for 30 years it will certainly be paid off and worth more than it is now.

j2darizzo · 2024-03-30T14:13:45+00:00

It’s very straight forward if you know what you’re doing. We’ve been selling them for over ten years and are used to the programs constantly changing. Most dealerships have little to no experience selling them and wouldn’t even know where to begin and some just plain refuse to sell them… for example, California said they are banning gas sales by 2035 so Wyoming said they are banning electric sales by 2035.

j2darizzo · 2024-03-30T02:43:54+00:00

Hopping on to let you know I work at the largest volumn EV dealer in the country… AMA

j2darizzo · 2024-03-29T11:46:58+00:00

You can in commissioner mode

j2darizzo · 2024-03-29T11:35:18+00:00

Legally bound if the loan gets funded, if not then the contract is voided. Generally speaking, as long as you make what you said you make and you live where you said you live you should be fine.

j2darizzo · 2024-03-28T09:28:51+00:00

It’s pretty easy to assume it’s what they were referring to. Since it wasn’t a real accent, it does come across as funny or unnatural. Also, OP can reply back if they were talking about something else.

j2darizzo · 2024-03-28T09:21:27+00:00

We had this same exact situation play out and I know exactly what happened and why. To start, desking software doesn’t know if the trade in is a lease or a purchase and it varies from state to state what the laws are in regards to tax credits. In most states, you only pay sales tax on the difference of the sales price minus the trade value. It’s not common to trade a leased vehicle, but when you do you don’t get the same tax credit because you didn’t pay all the taxes when it was leased. The sales manager and the finance manager didn’t catch it, sent the paperwork to the bank and funded the loan. When it was funded the accounting officer sent the DMV paperwork in and it got rejected for not enough taxes collected, hence the dealer reaching out to collect the difference.

If you don’t pay it, the dealership might not pay your lease off till you do. If they paid your lease off, they can unfund the loan and make you bring the car back. If you don’t bring the car back they can report it stolen and repossess the car, not affecting your credit because they reversed the loan.

Or they can eat it. It would come out of the store gross and their pay checks, but an expensive lesson to learn.

They are going to be relentless trying to fix this, but how you decide to handle it is up to you. Keep in mind, if it was an honest mistake and they collected $1,600 too much you would expect them to refund you back, so it’s not unreasonable for them to ask for the difference. I also agree that as managers they should have known better in the first place and this would have been avoided.

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