Hi, I was able to find a lot of information about dealer-consumer lemon laws but nothing about dealer-dealer laws.
In short, I, PA dealer, reassigned title to a NJ dealer who now, 3 days after day of transaction, is threatening with legal action if I do not trade him for another vehicle of equal value as there is a problem with the motor, according to him.
Throughout my (short) ownership of the vehicle there wasn't a problem and during the time of inspection by the buyer the car was fine, he tested it and drove it, even hooked up a code reader to it. Now the buyer is claiming that there was something wrong all along and that I am responsible as he has 3 days to return the car.
Normally, I wouldn't be worried as the bill of sale states "as is" basis but of course, I misplaced the bill of sale (I believe I left it in the given car) so he could take me to court.
So my question is, if he does decide to take me to court, will his case hold up? I have a witness who was with me at the time of the sale as well as the mechanic who did an oil change and inspection in the middle of February.
Does he even have reason to threaten legal action?
The vehicle has been listed since initial day on the buyer's website so in the time since then it could have been test driven by someone or even abused by the owner himself as it has a HEMI motor in it.
Lastly, the car is a 2004 Dodge, so as far as my understanding goes there isn't anything he can do. Am I correct?
Any prompt help is appreciated, thank you.
In short, I, PA dealer, reassigned title to a NJ dealer who now, 3 days after day of transaction, is threatening with legal action if I do not trade him for another vehicle of equal value as there is a problem with the motor, according to him.
Throughout my (short) ownership of the vehicle there wasn't a problem and during the time of inspection by the buyer the car was fine, he tested it and drove it, even hooked up a code reader to it. Now the buyer is claiming that there was something wrong all along and that I am responsible as he has 3 days to return the car.
Normally, I wouldn't be worried as the bill of sale states "as is" basis but of course, I misplaced the bill of sale (I believe I left it in the given car) so he could take me to court.
So my question is, if he does decide to take me to court, will his case hold up? I have a witness who was with me at the time of the sale as well as the mechanic who did an oil change and inspection in the middle of February.
Does he even have reason to threaten legal action?
The vehicle has been listed since initial day on the buyer's website so in the time since then it could have been test driven by someone or even abused by the owner himself as it has a HEMI motor in it.
Lastly, the car is a 2004 Dodge, so as far as my understanding goes there isn't anything he can do. Am I correct?
Any prompt help is appreciated, thank you.