Client financed a Toyota through Toyota Financial and had 14K remaining. The Toyota vehicle was traded in for a Lexus (Toyota is the parent company of Lexus). Client disclosed the monthly payments to the Lexus dealership but did not disclose
the full amount remaining (nor did Lexus inquire). Lexus did not payoff the Toyota (even though the Toyota was financed through the same company the Lexus is being financed through, Toyota Financial).
Now the Lexus dealership is saying client owes them the 14k since they did not disclose the lien.
Client, in the litany of documents signed, of course signed documents stating no lien.
Any thoughts here or an attorney the client can speak with?
Jay A. Wechsler, Esq.
Partner
Wingate, Russotti, Shapiro, Moses & Halperin, LLP
The Graybar Building
420 Lexington Avenue, Suite 2700
New York, New York 10170
(212) 986-7353
(646) 929-9471 (direct dial)
This email message is confidential, intended only for the named recipient(s) and may contain information that is privileged attorney-client communications, attorney work product, or exempt from disclosure under
applicable law. If you are not the intended recipient(s), you are notified that the dissemination, distribution or copying of this message is strictly prohibited. In addition, please immediately delete or destroy all copies or versions you have of this message
and notify the sender at (212) 986-7353 or
jwechsler@wrslaw.com in order that we may take steps to prevent any further inadvertent disclosures. Receipt by anyone other than the named recipient(s) is not a waiver of any attorney-client, work product, or other applicable
privilege. Thank you.