Oh man, as someone who worked directly with the finance side of TFS alongside many other car finance houses (and manufacturers and dealers) this amuses and traumatises me in equal measure. This ain’t the letter you get from TFS, those do not gave grammar errors in them. They also would likely say the VIN or reg of the car that was coming off finance alongside likely your finance plan number.
Fucking sovcits.
Lol that never occurred to me. So he faked this… because why? Jeez…
Those darned pesky buisnesses always wanting to do full accounting and making sure the funds are actually real.
A car company wanting the money it is owed. Imagine.
She sent it via secure email, so he printed it out to take a photo of it for facebook?
The letter is fake right?
It’s got so many grammatical errors… It can’t be a real Toyota form letter.
It’s absolutely fake. They try to use their special secret language in it but businesses don’t talk that way.
Looking at it, it’s so close that I would have believed it, and I see these all the time. I’ve never seen one saying they were sending the title to have the lien removed, but in the state I live in they send it to you and you have to take it in to have the lien removed. If this is a fake it’s actually decent.
I can almost see this happening by accident, depending on how silo’d Toyota Financial services is, how automated its systems are, and how much the final payoff was. Overworked data processor sees something that looks like it might be a payment, issues the letter “subject to a final accounting and receipt of good funds,” and sends it along. Maybe the next group is behind, or final payments bounce rarely enough that it’s not an automated process to retract the payoff letter. So then whoever is responsible for sending out clear titles just sees the payoff letter and doesn’t know that the payment never cleared, so they click a button that puts SovCit’s title in the next batch. Meanwhile, finance itself is chugging along, probably just added an NSF fee and late fees to the increasingly overdue payments. SovCit is smug in how they paid off their car using their free money account from their IRS trust and is now deleting or tossing all correspondence from Toyota, who probably also can’t be arsed to send someone out to re-po this shitbox they may already have made a profit on. Congratulations, world, the SovCit now thinks they did a thing.
Or the Facebook post is a fake, LOL. 🤣
This idiot is gonna get busted for fraud. Aside from the letter, if this goes to court, they’re going to need evidence that the account was actually paid in full. His bank is gonna have to show the transfers/checks, which we know he never made/wrote.
Guess they missed the “subject to a final accounting and receipt of good funds” part.