Author Archives: Josh

How long does a dealership have to payoff a trade in?

Payoff troubles with a Florida dealership Have you recently traded a vehicle in to a car dealership in Florida? Has your loan fallen past due because the dealer hasn’t made the pay-off? Wondering how much time they have to make the pay-off on the loan? Pursuant to Fla. Stat. § 319.24(5), “[a] motor vehicle dealer acquiring…

Can a Dealership Keep Your Deposit?

Deposit Dilemmas In Florida, Pursuant to Fla. Stat. 501.976(10), it is unlawful for a dealership to “[r]equire or accept a deposit from a prospective customer prior to entering into a binding contract for the purchase and sale of a vehicle unless the customer is given a written receipt that states how long the dealer will…