Trappe, Maryland; Town: Motto(s): 19th Century Charm - 21st Century Progress Location of Trappe, Maryland: Coordinates: Coordinates: Country United States: State Maryland: County: Talbot
When buying new cars, if you ignore our advice and you trade in a used car which you still owe money on, insist that the dealer put in writing that they will pay off your car loan in 10 days or no deal. Then the dealer is liable because you took steps to protect your rights up front.
Pursuant to Vehicle Code section 11709.4, a dealer has 21 days to pay off a. trade-in vehicle and cannot sell that vehicle until the lien has been paid. off. This suggests that any monthly payments due within that 21 day period. should be made in order to avoid a late payment and possibly a negative. credit mark.