Auto Loans

[jamiii]

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.

Thanks,

(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.)

[Paperboy999]

Are you sure they ran the vin correctly? Maybe they messed up a letter or number.

[jamiii]

Yeah, they have the VIN correct.

[Robertwd82]

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.  

[jamiii]

Couldn't get the AutoCheck file updated but I did get the dealership to agree to cut me a check for 10k, the remaining balance of the loan.

[sccredit]

Good resolution.