Complaint / review / scam report
Automotive Finance Corporation
Title Fraud

Complaint / review text:
Automotive Finance Corporation has broken many federal and state laws. There biggest, for example, they have to reposses a dealers car lot, on the lot are tradein's from customers.

By there UCC, they expect, they are entitled to those vehicles as well as any they have the title on. Even though that consumer that traded, may still owe another bank, and the vehicle hasn't been paid off by the dealer. Now with the dealer closed, the payoff will not happen, and the customer is screwed on two ends. The car he just purchased, he can't get title for, as AFC holds it, and the car he traded, won't get paid off as AFC closed the dealer and took that car as well.

They then send for a title, out of state, usually Indiana, and file a statement that they own the vehicle.

State of Indiana then issues them a title, free and clear. All the time the consumer is the one left holding the bag.

Contact information:
Author: Contact with Author

Offender: Automotive Finance Corporation

   State: New York   City: Manhattan

Category: Cars & Transport

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