How do I handle illegal vehicle reposession?
I have two vehicles. I took a loan, and it was all paid in full. When I asked for the title, they told me I still owed $1,000 for each vehicle. I showed them all my receipts, but they did not honor them. They repossessed one of them. The amount of the car is 20 times more, and they sold it. I received no certified public notice and was not given the details on the sale. In the meantime, I still cannot register the other one, which is 50 times the price of the amount they are claiming.
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The short answer? You’ve got a strong argument that something shady is going on with both the repossession and the title hold. The lender likely broke a few rules, especially around notice and handling of the sale, and you still holding a ton of receipts matters a lot. You’ll want to take action fast, though, to preserve your leverage and possibly get compensation.
Here’s what you should do next:
- Write (or have a lawyer write) a formal letter demanding the title to your second vehicle and an accounting of the Lexus sale. Include copies of your receipts and state that they failed to notify you properly before repossessing and selling the car. I have demand letter templates for sale for just $38. I can send a request to you through this site so you can accept and I can upload it right here.
- Go to your state’s consumer protection office and also file with the CFPB. Their failure to notify you or give sale details might violate state repossession laws and federal lending rules.
- You can file a complaint with the Consumer Financial Protection Bureau here - How do I submit a complaint?
- You’re legally entitled to a breakdown showing how the lender applied your payments and how they calculated the "balance due." Also demand written details of the sale (price, buyer, fees, etc.).
Does that help clarify things? I want to make sure I didn’t leave anything out.
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I have two vehicles. I took a loan, and it was all paid in full. When I asked for the title, they told me I still owed $1,000 for each vehicle. I showed them all my receipts, but they did not honor them. They repossessed one of them. The amount of the car is 20 times more, and they sold it. I received no certified public notice and was not given the details on the sale. In the meantime, I still cannot register the other one, which is 50 times the price of the amount they are claiming.
I'm sorry to hear about the difficulties you’re facing with your vehicles and the loan situation. Can you please confirm if you have any written communication from the lender regarding the outstanding balance?
Yes, I have 2 inches of paperwork.
Have you attempted to resolve this issue directly with the lender, and if so, what was their response?
I went to their office, and they still insisted I owed money. They owe me a significant amount of money. They took a $22,000 Lexus. They do not want to hear. Try talking to the lawyer. They need a hefty retainer fee.
Is there anything else the Consumer Protection Lawyer should know before I connect you? Rest assured they’ll be able to help with your vehicle loan issue.
Yes, how much???
Hello! Legal Eagle here, and I am an attorney specializing in your area of law. I am more than happy to help you with your situation! Did you receive any documentation from the lender detailing the alleged outstanding balance or the repossession and sale of the vehicle?
No, not one iota.
Ok thanks! Just a few more questions. When did you make your last payment on each vehicle loan, and what form of payment did you use?
Money order. I got all my receipts, but it might fall in the category of statute of limitations. But they are still holding the registration of my other vehicle, so it should not be in the statutes.
Got it! Was there anything else you wanted to add? If not, I can begin working on your answer.
I need the difference of the amount of sale of the Lexus that they profited, which is 22 times the worth of the vehicle, and they should release the other vehicle title.
Ok! I just need a little time to draft up a high-quality answer. I'll be with you as soon as possible. It won’t be terribly long, ok?
Anything would help this injustice.
The short answer? You’ve got a strong argument that something shady is going on with both the repossession and the title hold. The lender likely broke a few rules, especially around notice and handling of the sale, and you still holding a ton of receipts matters a lot. You’ll want to take action fast, though, to preserve your leverage and possibly get compensation.
Here’s what you should do next:
- Write (or have a lawyer write) a formal letter demanding the title to your second vehicle and an accounting of the Lexus sale. Include copies of your receipts and state that they failed to notify you properly before repossessing and selling the car. I have demand letter templates for sale for just $38. I can send a request to you through this site so you can accept and I can upload it right here.
- Go to your state’s consumer protection office and also file with the CFPB. Their failure to notify you or give sale details might violate state repossession laws and federal lending rules.
- You can file a complaint with the Consumer Financial Protection Bureau here - How do I submit a complaint?
- You’re legally entitled to a breakdown showing how the lender applied your payments and how they calculated the "balance due." Also demand written details of the sale (price, buyer, fees, etc.).
Does that help clarify things? I want to make sure I didn’t leave anything out.
The CFPB is now defunct, the office is shut down, there is too much corruption, the company is not transparent about taxpayers' money, and it targets political opposition. I would never recommend it.
I hear you! I don’t see that it’s shut down at all, but try the FTC.
A complaint with the FTC can be filed starting here - FTC Complaints
Try the letter as well! Did you have any other details you needed addressed or did you have any concerns in general you still needed addressed?
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