I was leasing a car from a dealership. I had got a loaner car from them while they worked on my car. Well they ended up closing the business & I never got my actual car back. Now I'm stuck with this loaner that isn't in my name & the tags are expired .
A licensed dealer will have a BOND which is required by law. The bond is only for a total of $50K to be split among all claimants. The sooner you make a claim the better your chance of getting some compensation for the car that actually belongs to you. Is the current car insured? If not, you could be unknowingly breaking the law. You should be able to find out the dealer's bond via communication with the DMV. I'd strongly consider "trading" in that loaner to a licensed dealer and letting new dealer handle the "issues" you are currently facing. Make sure to have ALL papers reviewed by an attorney before signing...
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