Overhaulin'

Why would the temporary title from my new car show an incorrect purchase price?

We recently bought a new car (dealer demo) with about 5300 miles. The purchase price on our temporary title shows about 12K less than the price we paid for the car. It just so happens that we traded in our old car and that price difference is the same as the payoff on our trade in. We know we didn't roll any of our trade in on the new car loan because we got our car loan directly from our bank...not from one of the banks the dealership uses to finance people. So, why would the purchase price on our title not show the price we actually paid for the car?

Public Comments

1. If the title doesn't show the same amount of money that the loan document says you need to ask the Financial Institute who gave you the loan. They are responsible for the title since they are holding it.
2. they are trying to get out of paying the taxes. go to DMV and your bank, tell them of the problem. the dealer is trying to keep the taxes you paid to them for the car..this is fraud
3. THIS IS WHAT A LOT OF DEALERSHIPS TRY AND DO TO PEOPLE AND YOU CAUGHT THEM TRYING T GET THE UPPER HAND. CALL THE DMV IN YOUR HOMETOWN A REPORT THIS TO THEM AND LET THE DEALER START TO SQUEAL A LITTLE.