Auto Loans Dealer hasn’t paid off my trade in

Ramirez 33

New Member
Jurisdiction
California
So i bought a used car and traded in my other car but i owed $15k and the dealer agreed to pay $12.5k and now the lien holder of the trade in car called me saying that my payment is late and they didn't hear anything from the dealer when i let them know about me trading it so now I don't know what to do
 
So i bought a used car and traded in my other car but i owed $15k and the dealer agreed to pay $12.5k and now the lien holder of the trade in car called me saying that my payment is late and they didn't hear anything from the dealer when i let them know about me trading it so now I don't know what to do

Find out how much you still owe.

More than likely the lender is seeking payments until the remaining $2500 has been paid in full.
 
Call the dealer. What doesn't make sense to me is who is expected to pay the balance? If you traded the vehicle to a dealer they should be paying off the entire balance or the bank will not release the title to them. You need some clarification from the dealer.
 
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