It’s a tale of buyer beware and an Edmonton man is warning people to read the fine print after he was prevented from selling his SUV due to a $1 lien imposed by the dealership.
According to Harvey Minhas, he purchased the SUV in October but after getting a new job in Toronto that would make driving such a large vehicle a bit difficult, he decided to sell.
A prospective buyer returned and informed him there was a lien on the vehicle. Minhas says he had already paid off the SUV, but it turned out the lien was imposed by the dealer for $1, meaning he couldn’t sell.
As Chris Chacon reports, some in the industry say a move like that is aimed at cracking down on cross-border vehicle sales.
For more info, please go to https://globalnews.ca/news/8613777/lien-dealership-edmonton-man-suv/
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If a car is going to "affect" your financial situation maybe you cant afford a 100k car.
….was it necessary to purchase/finance $100K+ SUV and wanna sell shortly after?….I am still driving my ‘98 Camry w/ 600K+ on-the-clock along w/ a couple of rust spots. I realize it doesn’t look “nice ‘n beautiful” on the road nowadays, but it gets the job done in a boring fashion though.
Sell it back to the dealer?
Not a scam, most of these truck sell for more than MSRP on the used market. He can sell it back to the dealer and get all his money back minus the taxes he paid; he was probably offered more than what he paid by this “potential buyer”
After the sale what business is it of the dealers. They are price controlling the market.
In the future, you don't actually own anything…
All these dealers are crooked with authority.. a bunch of scammers.
My 2019 f159… bought and paid for in full at time of purchase. Tried to trade it on a 2022 at a different dealer …told me there is a lien showing ….will take it on a trade. Three months now fighting this thing..IF ANYONE CAN HELP..PLS REPLY.
It’s pretty normal had that happened to be. It’s because of rebates.
Its to prevent poeple from buying and selling it more than msrp. Ford has done that with the ford gt, a half a million dollar car the owners cant sell for 2 years
Same thing with Bmw..audi ..benz. Get used too it buddy. lol love how pp run too the news too get sympathy and pressure the dealer too go against rules.
I saw people go to bank buy draft bring those fund to dealer ship then export to some country, because our price vehicle cheaper. And I heard if car dealer ship found out, that customer will be black list.
They do this so you can't pay it off and then export it to the US in the first 6-12 months after ownership. Too bad for this guy he didn't read the fine print. lol
It's a $1 lein and can be sold, the new owner assumes the debt of $1
Lol…. sorry bud you can't profit $20,000- 40,000 this time 😉
That's a bogus contract you signed I've never heard of this
expose the dealership and make sure people dont go to them , when they start loosing money is the day they will stop fking with the masses
This is typical buying from a dealer, always read everything before and don't ask them to clarify something as verbally they will say anything. They will try to distract you when time comes to signing so you feel everything is tricky ti boo
Price fixing
Jail the dealee
Re: my Car just bought from readycar