Hi all,
I purchased my ST in February 2021. Oregon DMV is pretty backed up so still no registration. I’m on a trip permit as I bought the truck in WA. Fast forward to today, got a rather tempting offer from a dealer to sell straight out. The dealer says that they will pay off the ST, they have to wait for the title, then they will write me a check for the equity. It could be up to 30 days or more. So, I give my ST to the dealer, and wait for my equity. That seems weird. Dealer says that they cannot legally sell a vehicle until they have the title in hand. I find that hard to believe, as a dealer sold my Raptor, when I was purchasing my 2021 Tremor, while I was sitting there. Person drove away with it the next day.
Minus the DMV issue, is that true? Do folks just give the dealer their car and wait? I’m sure the dealer is going to post and sell as fast as they can. I’d also be worried about dealer going out of business, or something like that and being screwed.
thoughts?
I purchased my ST in February 2021. Oregon DMV is pretty backed up so still no registration. I’m on a trip permit as I bought the truck in WA. Fast forward to today, got a rather tempting offer from a dealer to sell straight out. The dealer says that they will pay off the ST, they have to wait for the title, then they will write me a check for the equity. It could be up to 30 days or more. So, I give my ST to the dealer, and wait for my equity. That seems weird. Dealer says that they cannot legally sell a vehicle until they have the title in hand. I find that hard to believe, as a dealer sold my Raptor, when I was purchasing my 2021 Tremor, while I was sitting there. Person drove away with it the next day.
Minus the DMV issue, is that true? Do folks just give the dealer their car and wait? I’m sure the dealer is going to post and sell as fast as they can. I’d also be worried about dealer going out of business, or something like that and being screwed.
thoughts?