zero inventory? Preowned Highline Exotics, Bentley, Rolls Royce, Mercedes, Maybach - Dallas, TX Yelp review they went out of business? Straight Line Automotive Group - North Dallas - Dallas, TX
WOW ! ! ! I thought it strange when I went by this morning, NO cars on the lot and the overhead doors closed, thought it might be the rain ( never stopped them before) They were going strong all day Friday. Come to think of it, I saw no haulers up and down the road today. I'll check it out tomorrow
Their FB page is still listed but that means really nothing, a lot of businesses that go under keep their pages active. www.facebook.com/straightlineauto Ebay store is still up but empty. Mercedes Benz Used, Used Aston Martin items in Straight Line Automotive Group LLC store on eBay!
Yup, heard their relationship with Park Place went south about a month ago and the big wigs went and pulled their cars.... Weird, was working a deal only 4 weeks ago!
Just heard about this today! Wow! Perhaps this is all fiction, but my understanding of the situation is that one of the main partners at Straightline (let's call him Mr. X) was also the main wholesaler for Park Place (PP), so PP floorplanned a lot of the cars that were in Mr. X's inventory. So for example, if a car got too old on the front line at PP's Mercedes store and needed to go away, or if PP's Lexus store took in a Ferrari on trade but didn't want to put it in their inventory because it's not a fit, Mr. X would "buy" it from PP (which is why he had so many high end cars) at a highly discounted price and they would become part of Straightline's inventory. Might have been just an accounting measure, as I think they were still floorplanned by Park Place, but they came off the books of whatever dealership the cars originated from. Because Mr. X was such a big player (using PP's floorplan), he was able to do things like buy up the remaining inventory at model year's end from, say, a southern Florida Aston Martin dealer just to have it. Then, when the PP dealerships needed inventory, often times they would go to Mr. X to buy cars, or in some cases buy back the cars they had sold Mr. X, but at a higher price. Either way, all I heard was that perhaps the Feds might have made a visit to Straightline last week, and everytime Mr. X's name is brought up over at PP, the word "lawsuit" seems to be used in the same sentence. But as I mentioned, perhaps that's all fiction......
Yes, very close to the story I know with a few details missing but pretty much right on. When most of your floor plan is not financed through a bank and you have inventory on a good ole boy mentality... things can go south over a poker game... Don't expect both sides to give up that easy.
My fiance bought her M3 from them last year. I knew something shady was going on there. I had some suspicions on what exactly and it doesn't sound like I was that far off.
I hope nobody here is waiting for a title from a car bought from them or a payoff of a trade in made to them. If so, it is going to be a long wait.
Last week maybe a hundred cars were removed Titles may not be going with removed cars Many people now looking for work At least one person got fired Tuesday of this week person in parking lot with dealer tag on his car on his cell phone Feds may be involved This will probably get UGLY
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More information: Wiggains disclosed in his bankruptcy filing that his personal assets are between $500,000 and $1 million and that he owes between $10 million to $50 million to various entities. Full Story: IRS Investigates Home of Dallas Car Dealer Owner | NBC 5 Dallas-Fort Worth
Ok, call me crazy. I'm totally confused. So Jeremy Wiggains buys some of the best cars from some of the best dealers in Dallas and is allowed to screw hundreds of people over millions of dollars??? FYI, Jeremy Wiggains is sole owner and president of Straightline. Why on earth would you be defending this monster?
I purchased my first exotic from straightline back in May so imagine my luck. I financed through a Dallas Credit Union so luckily they are fighting to get the title since they have 80% of the equity. In the interim they have been sending me temporary tags. Any advice? How long do these things take? What is the possibility I never receive title?
I am not defending anyone. I absolutely believe that if they were screwing people over, then they deserve whatever will happen to them. While Jeremy Wiggains might be the sole owner and president of Straightline on paper, he was NOT the person that I was referring to previously. He was just the front man for Mr. X. Wiggains had no relationship with Park Place. Mr. X is the one who floorplanned it through Park Place and I've heard there are as many as 144 cars (or titles to cars) missing. My previous disclaimer that this could all be fiction was given because although I got this info from those who are in the know (those who worked with Mr. X), I will treat it as hearsay until I hear something official.
I had the same problem with a dealership who went out of business and had my title a few years ago. What you can do (Bentleygt) is have your credit union apply for a new "replacement title" with the department of motor vehicle here in Texas explaining what is going on and providing all the documents which proves the car came to your possession in a legal way with a good faith transaction. (be prepared to show your purchase order and loan documents to speed up the process). Once you prove to them that it is legitimate, normally during the same visit, the DMW will mail a letter to the current title holder, whomever that is, straightline or the previous owner, and give them thirty days to come forward. If they do not, which I am guessing at this point they won't with everything they have going on, you or your credit union can show up in exactly 30 days in person at DMV and get a replacement title issued under your name with the credit union as a lien holder. This is generally what happens when repair shops have mechanic's lien on abandoned vehicles with a huge repair bill also. In my case I got a new title on a vehicle which I bought out of state through a dealer who purchased it at an auction and went bankrupt. I had the car in my possession, I had paid the dealer in full, the auction was in Dallas (again the dealer was not in Texas) and the dealer had not paid the auction. The letter was mailed to both the dealer and previous owner. Nobody replied and I got my title. Assuming the laws have not changed this maybe your fastest way to your title. I hope this helps and good luck.
Some new reporting, alleged co conspirator named... Link: Park Place Motorcars Says Preston Hollow Man, Business Partners Stole Dozens of Luxury Cars Park Place Motorcars Says Preston Hollow Man, Business Partners Stole Dozens of Luxury Cars By Eric NicholsonTue., Oct. 29 2013 at 9:06 AM Categories: Crime A Ferrari 458 Italia, which, according to bankruptcy records, Jeremy Wiggains no longer drives. The IRS still hasn't said why federal agents raided the Preston Hollow home of Straight Line Automotive Group founder Jeremy Wiggains in August, ultimately leaving the $3.3-million McMansion toting several boxes of documents. Pretty much all that could be gleaned at the time came from the bankruptcy filing he'd made the previous week, which claimed $50 million in debt to $1 million in assets and listed as creditors former Cowboy Martellus Bennett and current Cowboy Orlando Scandrick. The Park Place family of car dealerships is more forthcoming about Wiggains' alleged misdeeds. In a lawsuit contesting the bankruptcy filing, the company says Wiggains was part of a conspiracy that siphoned off millions of dollars in cash and dozens of high-end cars from the local luxury-car empire. According to the suit, Wiggains and his brother, Justin, did business frequently with a luxury-car wholesaler named Greg Duncan, who had been working with Park Place for two decades, buying some cars for the Park Place inventory while selling others for the company on commission. The heart of the alleged scheme originated as a shell game. In order to avoid having Park Place dock his commission by $500 per car if they sat in his warehouse for more than 30 days, Duncan would pass them off to the Wiggains brothers to pretend to make a purchase. On paper, this made Duncan look like a star, and he got full commission for the 40 cars he sold to the Wiggains. Yet when Park Place got around to collecting the money from the purchase, the money was nowhere to be found. Neither were the cars, which Park Place alleges were sold by the Wiggains to line their and Duncan's pockets. The lawsuit doesn't specify what cars they stole, but the Park Place inventory is rather narrow, boasting Porsche, Mercedes, Lexus, Lotus and Volvo. Two of the vehicles came from Park Place's premiere collection, which includes Bentley, Rolls-Royce, McLaren, Maserati and Jaguar. The partnership was a two-way street. Duncan also bought cars from the Wiggains brothers for Park Place's inventory using Park Place money. In 44 cases, the lawsuit says, those checks were cashed but the vehicles they were for never arrived. In court filings, Duncan and the Wiggains deny the accusations. Wiggains' bankruptcy case is ongoing. His most recent schedule of assets suggests he has parted ways with his 2012 Ferrari 458 Italia, valued at $240,000.
