PayOff cars was recommended by a friend as a way to purchase a vehicle at below market prices I contacted the company via the net and was referred to Mr. Salomon. I expressed interest in purchasing eithe a Toyota Corrolla or a Honda Civic in either blue or black with auto transmission and AC. I forwarded a deposit of $1000 via pay pal on June 6. The State Employees Credit Union of MD (SECU) pre-approved me for a loan of $20,000.
Mr. Salomon located a vehicle at the Manheim Auto Gallery in PA. I was to meet him at the gallery on Thursday, June12, in the evening to look at the car. I contacted SECU to arrange for the issuance of a check as I would need to forward payment within 48hours to "close the deal". On Wednesday, a loan officer from the credit union contacted me to report that the credit union would not finance the car because Mr Salomon could not provide a "buyers order" because he did not hold the title to the vehicle.
I contacted Mr Salomon to report this and to cancel the deal as the message from the credit union seemed an omenious warning and I was not willing to finance the ppurchase vial a personal loan at a much higher rate of interest. I requested that my deposti be refunded. Mr Salomon is not willing to refund the money until the vehicle is sold. He alleges that he has been charged penalties, fines, and will incur advertising costs to sell the vehicle which he alleges that he purchased. He doesn't have a lot nor does he hold the title to the vehicle.
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