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Old 12-21-2011, 08:19 PM   #57
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CONGRATULATIONS...now go enjoy your new purchase.
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Old 12-22-2011, 08:23 AM   #58
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Would it not be safer and easier to deal with the same Bank on the new loan? (This way the Bank would only pay the dealer the difference). Otherwise, like Perry White says "Do not give the title until the lien is paid".
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Old 12-22-2011, 08:29 AM   #59
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Did anyone go look at McMahon RV;s web site. He's trying to pay off as huge judgement in some sort of contest. Is this the same place?
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Old 12-22-2011, 08:57 AM   #60
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Originally Posted by DBeauchamp View Post
Would it not be safer and easier to deal with the same Bank on the new loan? (This way the Bank would only pay the dealer the difference). Otherwise, like Perry White says "Do not give the title until the lien is paid".

If the interest rate is higher at the same bank compared to another bank would you still think that?

If the finance company holds the title how would you do that?

I'm with Underthegun on this. If it were happening to me I'd of taken the same type of actions. It is all fine for some of you to say he "jumped the gun" but it is not your credit rating nor was it your bank account being automatically deducted for the note that should of been paid off.
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Old 12-22-2011, 09:52 AM   #61
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Did anyone go look at McMahon RV;s web site. He's trying to pay off as huge judgement in some sort of contest. Is this the same place?

Over a $40,000 lawsuit, who can do the most pushups and the money goes to a charity?
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Old 12-23-2011, 06:50 AM   #62
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Well its been 25 days now, my bank still has not been paid off nor have I. The bank still holds title but my interest on the loan is still running. I have attemped to reach 7 seven different poeple at 3 different McMahons offices, left many many messages for these folks but not any will return a call. After some research I find this is a common practice for them. The investagator at the DMV says he's been to McMahons many times in the past. Its most frustrating when they are in breech of thier own contract and the DMV regulations (state law) but will not even return a call. Very annoying!
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Old 12-23-2011, 08:12 AM   #63
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Maybe the approach with this should be to have the dealer write you a check for the trade in and you write a check for the new purchase. Then, you can pay off the loan and get him the title.
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Old 12-23-2011, 08:20 AM   #64
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Maybe the approach with this should be to have the dealer write you a check for the trade in and you write a check for the new purchase. Then, you can pay off the loan and get him the title.
With all respect, if I were the RV dealer, I'd only write a check to the entity who holds the title - the lienholder.

JM2CW.....

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Old 12-23-2011, 08:22 AM   #65
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With all respect, if I were the RV dealer, I'd only write a check to the entity who holds the title - the lienholder.

JM2CW.....

Rusty
That's a great idea! Write the check to the lienholder on the spot and let the customer mail it in. That would have solved this whole problem. Eliminates the 'trust me' factor.
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Old 12-23-2011, 08:09 PM   #66
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Was watching HGTV last night and saw a young couple buy a Monaco Vista at McMahons at what I thought was MSRP. Thanks for the warning.
Richard
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