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Just picked up my 2023 Defender and paid for it with a check, done deal no loans needed and the dealership said they have to hold the title for 1 year?? is this normail.. Car is paid for and i know that for some special cars you might sign something saying you wont sell it but this is the firsr time i have heard a dealer holding the title for a paid for car.. any one else have this happen??? Located in Indianapolis IN
Most states don't allow that. Here in Florida, for example, the dealership has 30 days to do it or they can lose their dealership license. Where are you?
Sounds like BS to me. My dealer (NJ) refused to take the financing I had arranged (more than a point below the rate they offered). When I said I’d pay cash, they told me their new policy was that everyone had to use their financing, but could pay it off in six months. I refused and told them I’d walk (after waiting almost a year since paying the deposit), got escalated to the owner (so they said) and they blinked. I paid cash. But I did get my title in a reasonable amount of time.
Dealers suck. Unless there’s some odd provision in Indiana law, you should raise a stink with JLR corporate and appropriate state oversight bodies.
Dealer does not have the title to begin with. The title is issued by the state that you live in. The only thing the dealer has is a Manufacturers Statement of Origin (MSO). This is surrendered to the state along with the registration application for your vehicle. Once the registration is generated and the lack of lien is noted, your state will issue the title to you directly.
How long does a car dealership have to give you the title in Indiana?
within 31 days
State law requires the dealer to deliver the title to you within 31 days of purchase. You need to receive the title within the legal window to guarantee you have time to get your car registered and plates at the BMV within the time allowed by law.
Dealer does not have the title to begin with. The title is issued by the state that you live in. The only thing the dealer has is a Manufacturers Statement of Origin (MSO). This is surrendered to the state along with the registration application for your vehicle. Once the registration is generated and the lack of lien is noted, your state will issue the title to you directly.
if they already moved the title to your name, which they should have since you already paid for it. Can't you just go into DMV and request a copy? I know that you shouldn't have to, but what can they do about it? If they are holding the title in their name, I would do as suggested above.
Just picked up my 2023 Defender and paid for it with a check, done deal no loans needed and the dealership said they have to hold the title for 1 year?? is this normail.. Car is paid for and i know that for some special cars you might sign something saying you wont sell it but this is the firsr time i have heard a dealer holding the title for a paid for car.. any one else have this happen??? Located in Indianapolis IN
This sounds like ****ery like what everyone else has said.
The Title is document issued by your DMV or DMV Equivalent, they can't 'hold it'. Each state is slightly different, the only people that can 'hold' the title are lien holders (leasing or bank loan) company, but the instant that is paid off they have 30 days to provide it to you.
Now, there may be other things they are doing, they may (try) to put a lien on the title, or some other bull****.
Honestly, when it comes to paperwork, just don't sign anything that gives them power of attorney, then they can't do ****. You might have to do more like take the MSO to the state and file for your plate, but they suddenly have no authority as they are required by state law to provide that. The only thing I signed was a 'no export' agreement which was something I've not signed in my 51 years on this planet buying lots of cars before. That must be a JLR thing.
Dealership holding title????
