• Report: #1018569

Complaint Review: Wells Fargo Dealer Services

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Fri, February 22, 2013
  • Updated: Fri, February 22, 2013

  • Reported By: Adam — Murfreesboro Tennessee United States of America
Wells Fargo Dealer Services
P.O.Box 25431 Santa Ana, California United States of America

Wells Fargo Dealer Services Wells Fargo Will not allow transfer of ownership of vehicle Santa Ana, California

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

I currently own a Yukon Denali.  I purchased the vehicle for my wife as an anniversary present.  We now are expecting a baby and purchasing a new home.  I wanted to sell the vehicle to get it off of my credit report while applying for the loan for our new home.  I had several buyers offer me more than the KBB value of my vehicle because it is a rare model with very low mileage. I assumed I could have the buyer meet me at the Wells Fargo Dealer Services Office and have the buyer pay off my loan and transfer the ownership of the vehicle and have Wells Fargo send the title to the buyer. They will not allow you to do this.  The only way you can sell a vehicle under a Wells Fargo loan is to pay off the remaining balance of the loan and wait for them to send you the title - which they said could take 2-4 weeks to process and mail.  I seriously doubt I can find anyone that would write me a $20,000+ check and trust me to pay off the truck and deliver the title to them a month later.  Yes, I know that you can use a third party service to pay off the loan and secure the transfer of the vehicle.....but that is way to much work.  It should be as simple as hey, they got their money and now they can send out the title. It should not matter who is paying off the loan as long as they are getting their money.  They make it as difficult as possible because they want you to continue to pay them the interest on the loan. I am now going to be forced to sell the vehicle to a dealer at wholesale and lose thousands of dollars. RIPOFF!!! Never accept a loan through Wells Fargo unless you absolutely have to.

This report was posted on Ripoff Report on 02/22/2013 09:32 AM and is a permanent record located here: http://www.ripoffreport.com/r/Wells-Fargo-Dealer-Services/Santa-Ana-California-92799/Wells-Fargo-Dealer-Services-Wells-Fargo-Will-not-allow-transfer-of-ownership-of-vehicle-Sa-1018569. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on Wells Fargo Dealer Services

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.



Ripoff Report Legal Directory
whereas