Alright this is kind of a crazy story, but I was curious if this has ever happened to anyone before.
So I went and test drove a '20 Tacoma TRD Off-Road 6sp MT 4x4 for my buddy about 2 months ago now. He moved to Maine recently and he wanted this exact truck, but was having trouble because the 6sp MT's have been back ordered. I looked at it and went over it with a fine tooth comb and advised him to purchase it, it had 10k miles on it and was practically brand new.
So he gets it shipped to Maine and buys it and trades in his car for $14k and puts some money down. I can't find the text of what he financed, but the asking price of the car was $36k and lets say he put $8k down so $16k was what he financed (It is around this amount.)
Well fast forward to a few days ago, he gets a notice from his bank that the loan has been paid in full and they will be sending him the title of the vehicle. He contacts his bank and they inform him, "Yep, CarMax disbursed a check for the remainder on the loan and the car is paid in full. You are good to go." So he contacts CarMax to see what's going on and they basically tell him that it shows in their system that the vehicle has been paid in full and all of their numbers in their system check out. The credit issued for the trade-in was $14k in their system and the down payment was $8k, etc.
His brother is a VP at a bank and told him to keep records of all of the convos, but told him just to let it go and see what happens. His thought is that if nothing comes up by the end of 2021, they will probably just write it off as a loss.
His bank told him he should have the title in hand in 15 days or so. Has anyone heard of this happening?
Submitted April 06, 2021 at 07:46PM by burgjm https://ift.tt/3ut6olX
