Libertyville Toyota v. U.S. Bank

Plaintiffs Libertyville Toyota (Libertyville) and Volvo Sales and Service Center, doing business as Volvo of Lisle and also doing business as Honda of Lisle (Lisle), brought suit in the circuit court seeking declaration of ownership of several motor vehicles whose possession had been transferred from Libertyville and Lisle to defendant Automotive Lease Corporation (ALC) and thereafter transferred to defendant U.S. Bank.

Libertyville and Lisle are motor vehicle dealerships, ALC is a motor vehicle leasing company and U.S. Bank is a banking institution.

Following a bench trial, the trial court…