By: Laura-Jane Hatcher (WRGA News)
A Cartersville car-dealership owner wanted for keeping the titles on the vehicles he sold is finally in-police custody.
According to police, North Georgia Financing owner Terry Spruell was apprehended Friday after an investigation into the Cartersville used car dealership. Victims allege they never received their car’s title, rendering their newly purchased vehicles useless after 30 days, as they could not register them with the state and get a tag.
And, according to Captain Mark Camp, their customers are not the only victims in the dealerships’ alleged wrong-doings.
“There are also people that invested money into the dealership so that the dealer could go out and buy cars and then sell them, and then pay them back the money. But, he never paid them the money, so they’re still holding the title. Since they don’t have the money, they’re repossessing cars,” Camp says. “They’re also people who put their cars on consignment to sell and held the title of the car until it sold. When the car sold, the dealer did not give them their money, so they’re also having vehicles repossessed.”
The 64-year-old suspect turned himself in on Friday. The investigation is on-going and investigators believe more victims will turn-up as it continues.