Automotive Finance Corporation

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New Jersey car owners titles are remade in Arkansas
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CARMEL, INDIANA -- Automotive Finance Corporation obtained Arkansas vehicle titles by claiming to have repossessed as many as 50 cars. However, the cars were located in New Jersey and driven by the owners.

The New Jersey Union County Prosecutor’s Office opened a criminal investigation while an Arkansas motor vehicle official says he assumed AFC had possession of the cars when it filed for title there.

The action in Arkansas, based on AFC’s claims of possession of the vehicles, has frozen state buyers out of holding title, even though the cars were never in Arkansas and were fully paid for by New Jersey residents. AFC obtained title after the cars were sold and after Galaxy Motors closed.

The New Jersey Motor Vehicle Commission has agreed to issue temporary plates to owners of cars purchased from Galaxy Motors. As many as 50 of the dealer’s customers may have been entangled in an automotive title disputes that left them unable to operate bring their cars out on New Jersey’s streets and highways.
     
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