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Posted
That shows me a better picture of what happened.

It was stolen and probably stripped. One of the components they always steal is the instrument cluster on these cars because its optitron and they are expensive. That explains the not-actual mileage title, the cluster was replaced with one with a different mileage.

I agree, not as bad news as it could have been.

That could be but the gal at the Florida DMV thinks that since the car was still "AWOL" when Allstate had it titled, they didn't have the current mileage to title with. I would love to know though if the "thieves" did take anything out of the car b/c whoever replaced ithe stuff did an amazing job.

I also found out that if a dealer is found guilty of knowingly selling a "salvaged" vehicle in NC and not disclosing it that the seller receives 3x the value of the car plus $50K....

And I informed the lien holder bank (who has a relationship with the dealer so apparently never did a CARFAX either) about this situation, they checked the title and confirmed for me that it was never marked as "salvaged" before the dealer sent it to them. They're not happy and plan on sending the balance of the loan back to the dealer for them to pay off. They told me I would never have gotten the loan had they known it had a salvaged title.

Also, I have a good friend who has a friend thats the finance manager for another dealer thats owned by the same company. He is working on this for me from the inside.

The plot thickens. :ph34r:

As a selling dealer, they are obligated to let you know there was a salvage title. If they do not that is fraud in every state. Especially for large dealers. Speak with another lawyer, because that one is wrong.

Yea, just recently had this confirmed. There's a state agency called The Bureau of Theft and Fraud and they have "inspectors" that handle dealerships. I have to go down to their office this week and fill out a "dealer fraud" form and I'm told it will all be taken care of. B)

  • 2 weeks later...
Posted

Well just got back from the dealer and they bought it back from me for what I paid for it a year ago. They can now worry about new tires and the timing belt? ;)

Serioulsy though, thanks to all for the advice and good wishes. Hope you guys don't mind me hanging around sans Lexus because this is really only a break until my next one! :cheers:

Posted

Congratts acf .... been watching this thread with real interest how it would end up ... very glad to hear the outcome !

Posted

Got a call this morning. The dealer already sold the car at a substantial discount. The new owner was told it was salvaged and still bought it but told me he didn't sleep last night worrying about it. The guy lucked out I'd say. Takes some ballz to blindly buy a salvaged title vehicle. :whistles:

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