Couple traded in their car for a newer car, dealership never paid off the trade in balance, kept the money and closed the business.
Shannon and Christopher Leslie live in Greenwood, MO. In August, 2015, they bought a car from All Cars LLC in Raytown, MO. They traded in their old car to help pay for the purchase, and because the old car still had a loan on it, All Cars promised to pay off that old loan in the deal for the new car. But All Cars broke its promise, kept the trade-in car, kept the money, and closed its doors forever. Stuck with a loan payment on the new car and a loan payment on the old car that All Cars was supposed to pay off, the Lesile’s felt helpless.
The Leslie’s found a Missouri Consumer lawyer and sued under Missouri’s Merchandising Practices Act.
The Leslie’s would have no path to remedy if SB832 were the law.