Item Gone: FS Mustang GT with a story. Only 41k miles.

[ToyotaDude22]

Item Name: FS Mustang GT with a story. Only 41k miles.

Location: Sandy Springs

Zip Code: 30328

Item is for: Sale Only
Sale Price: 7000

Willing to Ship: No

Bill of Sale Required?: No

Item Description: Well guys, this had been a frustrating day.

I purchased this 2005 Ford Mustang from an individual off of Facebook. They still owed money on it at Navy Federal, so we met at the bank and I purchased it there. They provided me with a notarized lien release and I filled out a bill of sale with the buyer. The title was supposed to be sent directly to me.

Fast forward a few weeks and the title has not arrived. I have tried getting ahold of the seller, but they have not returned my calls. I followed up with Navy Federal and they are now saying that they never had the title to the vehicle because the loan was opened in Kentucky where apparently they don’t collect the title from the owner.

I have tried to reach the seller, but he has not responded. I have tried calling him and texting him to no avail. My wife and I are now expecting our first child and frankly, I don’t have the bandwidth to deal with this right now.

there are a few options. Go on a rabbit chase to find the original title. Get a bonded title through the state, which after 3 years becomes a normal title. Use it as a track toy.

If I didn’t have a baby on the way, I would definitely keep it as a track toy. This car is easily worth 11 to 12 grand. Blue book trade in on it is about that.

It’s a 2005 GT Premium with only 41k original miles. Clean carfax. Hopefully someone can take advantage of getting it 40% off retail and deal with the headache. I am losing a lot of money at this price. Will maybe consider partial trades.

Pictures:

 

[Tikker]

oh I didn’t realize this way the case. Though, I do have a bill of sale and his drivers license and a printed copy of our entire conversation leading up to and after the purchase of the vehicle so I think he would have a tough time proving the vehicle is his.

anyone ever hear of this happening before?

With all that information I'd go after the seller. Since you want to sell the car right away it'd be more beneficial.

Here's a something I came across online about a bonded title.

"Whoever originally got the bonded title remains liabile for any bond claims. The downside of selling a car with a Bonded Title is that some people may choose to not buy under these circumstances since they won't have a clear title right away. But most people will certainly not buy a car if it has no title at all."

Simply having papers served to the person who sold you the car should suffice in him cooperating with you to take care of it as opposed to him going to court on being sued for time and lawyers fee's regarding the issue.

 

[ToyotaDude22]

Agreed. I will first try to go after the seller. After that, I will resort to a bonded title if all else fails.

thanks gang. It’s much appreciated. Happy early Thanksgiving!

 

[57fairlane]

All the more reason I'll never buy a car unless the title is in hand. While searching for a vehicle to buy I came across a lot that were priced cheap, but people just wanted to sell it even though they already had a loan on it & told me it only needed a bonded title to transfer.

Anyone reading this thread should read these words and take them to heart

I bought a 97 ford ranger from some crackhead kid (22-23 years old) for $300 with a blown trans. He said the title was in his mom's name and I'd have to drive back down to Jackson, GA to get it when she came back in town like a week later from vacation.

I didn't.

The truck sat apart for 2 years while I v8 swapped it and when I got it running I found the kid on facebook and asked him if I could pick up the title. He gave me some BS sob story about his mom dying and then promptly blocked me on Facebook.

Had to get a bonded title for it.

 

[gh1950]

Someone at Navy Federal is blowing smoke up your butt.

Up to you, bonded title works.

But Navy Federal had a lien which would have been on the title, and the title would have gone back to Navy Federal when the lien was paid off.

 

[CrzTyler]

Sad world we live in, sorry you gotta deal with that crap. Good luck and God bless!

 

[ASSAULTLIFE]

Maybe the bank employee was in on it.

the original owner can never claim the car back because you have all proof of a transaction. He can literally suck it.

 

[ToyotaDude22]

Well everyone, I've got good news. I was able to reach the previous owner. His brother has been in the hospital after discovering he has brain cancer. I feel like a jerk.... but buying a car on Facebook can certainly be sketchy. He has applied for a duplicate title and will be sending it to me asap. This appears to genuinely be a mixture a misunderstanding and bad timing.

 

[keith089]

Call the local base. Ask for Ncis. If the guy is Navy. They can work it out

 

[GeauxLSU]

He has applied for a duplicate title and will be sending it to me asap. This appears to genuinely be a mixture a misunderstanding and bad timing.

Hope so. In for final resolution.

 

[keith089]

Only Naval station in KY is Louisville Naval Ordinance station