icarl wrote:
offroadohio wrote:
I dont know how many times I have to say, I CAN NOT sell it. the bank WILL NOT give up the title until it is paid in full. So I sell it for 10k and still owe 5k on it
I'm not a financial expert nor am I from your neck of the woods so I'm not familiar with why the bank has the title of your car. Something doesn't seem right about that and it seems somehow immoral for them to force you to keep the vehicle against your will. I would be also checking with what my legal rights are in this situation.
icarl.
I can't imagine a bank lending money and not holding the title

They would soon go broke. In Ohio and I'll bet most other states, the bank has title of the vehicle till the loan is paid in full. He is what's called "upside down" on his loan. This is what happened in the housing market. The house or jeep is not worth what is owed on it. Buying a one year old car from a dealer is a bad idea because for the dealer to make money and stay in business they have to get near new prices for a used car.
His bank will release the title to him anytime he pays off the $15,000 outstanding amount he owes. So if he wants to sell it for $10,000 fine he just needs to come up with $5000

He made a bad choice and oboma is not going to bail him out
I have owned or driven many new cars over the years and I must say there has been more recalls on my 06 crd then all of them combined

And that does not include the air in the fuel problem the dealer "could not duplicate", the seats that stain with clear water, the plastic stator in the torque converter they detuned the engine to protect, the window channels that were replaced so they would roll down correctly and the list goes on.
The problem is the bean counters were allowed to run wild on the Liberties
