I purchased a car from a dealer and have been making payments to the finance company for 4 months now. The finance company only allowed me 37,600 for the car loan. The amount of the car loan was for 47,900. The dealer agreed to let me pay the remaining on a promissary. We never signed a promissary paper. I had paid the dealer over 5,000 the first month and a half. I went out to sea and intended to pay him the remaining balance when I got back. He sold the car. I am still making payments to the finance company. I received a copy of the application from dmv that the dealer had gotten in my name. My question is how can the dealer sell the car that I am still paying for? Doesn't the finance company have the title? I am concerned that he sold the car and didn't pay off my loan. There was never anything in writing about when the amount owed would be paid we never signed a promissary to pay. What are our options?
