Chrysler Daimler Corporation Financial ripoff, 2005 Dodge Stratus Newark New Jersey

Marc,
It is very easy to get a vehicle retitled after it is reported as junked.
You take the car in and have a VIN inspection done. If your state requires it an inspection as well.
That easy.
I have built many old style street rods and almost every one was listed as "junked".

Marc,
It is very easy to get a vehicle retitled after it is reported as junked.
You take the car in and have a VIN inspection done. If your state requires it an inspection as well.
That easy.
I have built many old style street rods and almost every one was listed as "junked".

Marc,
It is very easy to get a vehicle retitled after it is reported as junked.
You take the car in and have a VIN inspection done. If your state requires it an inspection as well.
That easy.
I have built many old style street rods and almost every one was listed as "junked".

Marc,
It is very easy to get a vehicle retitled after it is reported as junked.
You take the car in and have a VIN inspection done. If your state requires it an inspection as well.
That easy.
I have built many old style street rods and almost every one was listed as "junked".

Couldn't the lien have been placed at a later date, such as a mechanic's lien, a tower's lien, or if the car title was used as collateral? I know pawn shops do it all the time. I've taken title of cars from people as collateral, and when they don't pay, I send the title to DMV stating the car is "junked." That way, the guy that skipped can never register or sell the car again.

There's no need to e-mail me a copy of your title, I believe you. I was only asking you a question so that myself and others might have a little more information so as to assist you. It's also not a good idea to e-mail a total stranger your title.

If the title is solely in your name then, technically, they stole your car.

Did you have a title showing you as the sole owner of this car? If so, that's highly unusual. The title would be in Chrysler Financials name until the lien is paid off. Once it is paid off, you receive paperwork that shows the lien is satisfied and you can go to DMV and apply for a title in your name. That's how it works in NYS so they did have a clean title for your car.

Jennifer - Levittown, New York
U.S.A.


Dear Jennifer From Levittown, New York,
I know how NYS works, this is not my first auto loan, and when I said the car had a clear title thats what it means. Their was no where on the title stating any lien holders such as Chrysler Financial, I have a truck loan from another bank and that title states there is a lein holder. The title that I have for the 2005 Dodge and yes I still have it, looks like the title I have for the car I paid for with cash. If you want me to email you a picture of the title for the 2005 Dodge, I can.

Did you have a title showing you as the sole owner of this car? If so, that's highly unusual. The title would be in Chrysler Financials name until the lien is paid off. Once it is paid off, you receive paperwork that shows the lien is satisfied and you can go to DMV and apply for a title in your name. That's how it works in NYS so they did have a clean title for your car.

Richard,

At this point everything needs to be in writing and by certified mail, return reciept requested. Be sure to put the certified# on the letter itself, and keep a copy for your records. This is very important if you actually go to court.

Your not done yet, because they will most likely sell this car at auction and for less than the loan owed. This will result in them coming after you for a deficiency amount.

I agree with banker John on this one. That 10 day grace period does not mean you can be 10 days late before repo, it simply means that you can be 10 days late without incurring additional interest. That repo is legal after 1 day late.

Did you have an actual lemon law claim against them?

Have you had a history of late [meaning 1 or more days past the due date] payments?

As far as the title work goes, if they are a licensed lender and have a security interest in that vehicle they do not need a signature to order a new title. They can legally correct a wronfully issued title.

Watch out for that deficiency judgement to arrive.

I don't see much of a legal case here and no real chance of an attorney taking it without money up front.

Good luck!

It would be highly unusual for a repossession to be ordered on a loan that was only 5 days in arrears, but it would be legal in almost every state. Although there is a 10-day "grace period" as you mention on your preprinted coupon book, this only means that they will not charge a late fee if the payment is received within 10 days of the due date. The loan is in default 1 day after a payment is missed. I can only imagine however that they would issue a repossession order so quickly if there had been a history of missed payments here and you were in a reinstatement situation. Good luck with this & let us know how it turns out.

Banker John

An anonymous letter is the basis for the repo?

That sounds entirely bogus. I would demand to see the letter and I would talk to an attorney about your legal options.

NB: I am not an attorney. The following is informational only and not legal advice. If you need legal advice, get an attorney.

Ask to see the anonymous letter. If they don't show it to you, it's best to assume that you'll be able to prove that no debtor sent it. (If you end up suing them, you can get it during "discovery".)

Since you weren't in default, there's no reason for them to be repossessing on you. You could probably sue for any equity you have in the vehicle and possibly statutory damages and attorney's fees. Contact an attorney about this.

This is a update, talked to Chrysler Financial on 05/01/2006 and found out the reason why they repoed my car. They received a anonymous letter stating to come and get the car, but they have know idea who sent the letter. We didn't send any such letter to them. Can anyone help.