01-24-2013 01:50 PM
OK, so I bought a 2007 Dodge Ram about 3 years ago with a very high interest rate due to my credit. I have since done a lot of work repairing my credit and was given the opportunity to refinance for half the interest rate without extending the lease with Wells Fargo.
But as I was on my way over to sign the paperwork, I got a call from WF telling me that due to a "Frame Damage Announcement" on the AutoCheck report they cannot refinance. The announcement was listed by the auction house that sold the truck to the dealer that I ended up buying the truck from. Dealer never told me about any frame damage.
So I have a couple of questions:
1. I do not believe this announcement is correct as I have had 2 other shops inspect the vehicle and can't find any damage so is there anyway to dispute/remove this entry?
2. Was the dealer obligated to disclose this information? (I am in Texas)
3. If I am stuck with the entry, are there any banks that would work with this issue? I am surprised CapOne financed the car to begin with.
(And yes, I realize I was stupid for not double checking ahead of time but the CarFax report was clean now and at the time of purchase. Wasn't aware of AutoCheck back then.)
02-04-2013 03:00 PM
Was the truck lifted? Sometimes even if there is no frame damage the auction house will list it on lifted trucks to cover theirselves in case it comes back.
I think a credit union would be your best bet.
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