Dealership Sold Illegal Car: What To Do

Illegal Car Purchase

• 🚗 A car dealership sold a vehicle with an incorrect mileage entry on the title, leading the state to reject the title.
• 🔑 The dealership claims they cannot get a required wet signature from the previous owner, who is in the military.
• ⚖️ The advice given is that this is the dealership's problem to solve, not the buyer's.

Taking Action Against the Dealership

• 🧑‍⚖️ It is recommended to get an attorney and inform the dealership that they sold a fraudulent car.
• 🗣️ The buyer should return the car to the dealership and demand a refund or an equivalent replacement vehicle.
• ⏳ The dealership needs to track down the previous owner to resolve the title issue, as they have all the necessary information.

Financial Implications and Advice

• 💰 The caller financed the car, but it is now paid off, removing the burden of payments on an undrivable vehicle.
• 📈 The situation is framed as a potential opportunity for the buyer to get a new car or a full refund.
• 💡 The silver lining is not having payments on a car that cannot be legally driven.

Pausing Retirement for Debt Payoff

• ❓ A separate caller asks about the long-term effects of pausing retirement contributions to pay off debt.
• 🎯 The advice is that becoming debt-free generally improves all aspects of life.
• 📊 Pausing retirement for about a year to pay off car and truck loans is discussed as a trade-off for missing out on compound growth on a small amount of money, versus paying off depreciating assets.