IMPORTANT INFORMATION

Important Information

IMPORTANT TO UNDERSTAND:

  • Unless otherwise approved by the seller, there is ABSOLUTELY NO SMOKING IN ANY OF OUR UNITS. PERIOD.
  • Please take into consideration when taking on a payment, that you are responsible for ANY AND ALL MAINTENANCE, PAYMENTS, INSURANCE of the vehicle, just as if you bought it yourself.
  • Please know that MMP, LLC. IS NOT A BANK.  We do not offer traditional 30, 60 or 90 days’ grace periods before repossessing a unit.  There is a 10 day TOTAL  period from the date of the due payment.  (3 days grace plus 2 day penalty period)  Insurance coverage and basic maintenance on the unit is NOT negotiable.  If ALL of the requirements are not met, the unit WILL be repossessed, and you will lose ALL YOU HAVE INVESTED in the unit.  We cannot stress this enough.
  • The payments and interest rate on each unit are set by the loan company, and cannot be changed.
  • Each unit has it’s own set of circumstances surrounding it.  In some cases, there may be only a year or two or a few months left on a loan, and the seller is unfortunately not in a position to keep paying, for whatever unfortunate circumstance.  That means that you will be getting the unit for that amount of money….and in some cases this is much less than value.  By the same token, some of the units have brand new loans on them, and you will be required to pay the full term of the loan before title is transferred to you.
  • As a seller, before entering into an agreement with MMP, LLC., you, the registered owner of the vehicle, please review your original contract with your lending institute to see if our service will conflict with their agreement.
  • We require proof of basic maintenance on each unit, depending on the situation of each, to ensure that the vehicle has the best chance of remaining in the best mechanical shape possible.
  • Understand that these units are offered AS IS.  We do not accept responsibility for abuse or mechanical or asthetic abuse of any vehicle.  YOU will be held legally and financially responsible for any loss due to your irresponsibility.  The owner of each unit is putting their trust in you as a buyer to be responsible.
  • Please know that MMP, LLC. IS NOT A BANK. We do not offer traditional 30, 60 or 90 days’ grace periods before repossessing a unit. There is a 5 day grace period from the date of the due payment. (3 days grace plus 2 day penalty period) Insurance coverage and basic maintenance on the unit is NOT negotiable. If ALL of the requirements are not met, the unit WILL be repossessed, and you will lose ALL YOU HAVE INVESTED in the unit. We cannot stress this enough.

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MMP currently is not accepting any new business with lien holders involved at this time due to a pending legal dispute with the California Department of Motor Vehicles. Our attorneys are handling the matter and look forward to a resolution in the near future. ... See MoreSee Less

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