A 2021 GMC Yukon Denali customer in Edmonton, Canada recently discovered a $1 lien on his fully paid-off SUV after trying to sell it.
Per a recent report from Global News, Edmonton resident Harvey Minhas purchased his 2021 GMC Yukon Denali in October, but later accepted a new job offer in Toronto, prompting him to sell the large SUV, as he felt as though it wouldn’t be a great fit for city driving. However, Minhas was then informed by a potential buyer that there was a lien placed on the vehicle, preventing him from selling it.
Although Minhas’s GMC Yukon Denali was fully paid off, the dealer had placed a second lien on the SUV for $1. After checking over the fine print, he discovered a clause stipulating that the SUV could not be sold, transferred in ownership, or exported from Canada for 12 months after purchase.
Frustrated, Minhas returned to the dealer for an explanation.
“They said even if you do sell it, it might end up in the hands of an exporter and so we don’t want this vehicle crossing the border,” Minhas said, per Global News.
According to the president of the Motor Dealers’ Association of Alberta, Gerald Wood, the clause is typically applied to extremely high-end vehicles, but is considered “a new methodology” when applied to a vehicle like the GMC Yukon Denali. However, the move makes more sense in the current auto market.
“It’s really done to make sure that we can protect the pricing levels in Canada, so that Americans don’t come to Canada to purchase the vehicle,” Wood said.
However, the move leaves Minhas stuck in an uncomfortable position, at least for the next eight months until he can sell his GMC Yukon.
“Everyone’s financial situation or situation in general can change at any time and mine did and I don’t want anyone else to go through the same thing I did,” Minhas said.
As a reminder, the 2021 GMC Yukon introduces an all-new fifth generation for the nameplate, offering three engine options, including the atmospheric 5.3L V8 L84 gasoline engine, atmospheric 6.2L V8 L87 gasoline engine, and 3.0L I6 LM2 turbodiesel Duramax. Under the body panels is the GM T1 platform, with production taking place at the GM Arlington plant in Texas.
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