Car Dealers?
An interesting thing happened to me over thirty years ago. I walked into a Toyota dealer and bought a new car for cash. I drove off with the car, but never got a title for it. It seems that the dealer owed money to whoever financed him, and defaulted on the loan. I drove the Toyo into the ground since I could never sell it.
I'm normally a used-car-driving guy, but am getting ready to buy a new car for cash. Can anybody explain how modern floorplanning works, and tell me what I have to do to ensure that I get a title before I fork over the money?
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