on 11/4 I purchased a vehichle from a used car dealer. I used my prior vehichle as a trade in and was given enough trade allowance to provide a decent down payment. The sales person and I had to fed ex contracts back and forth for various reasons, and by the time we did the final contract(1/5/2007), I abruptly lost my job(1/9) .Now the company that had the the financing will not go through with the loan. Now the lady is telling me that I not only have to return the vehichle, but shes also telling me that I must pay the "negitive equity" from the trade that was supposed to be my down payment. If they gave me xx,xxx.xx$ for my truck, &x,xxx.xx went to pay off the existing loan for that truck, the $x,xxx.xx remaining should be returned to me if they cant put in me in a new vehicle, Correct? Im feeling a little pushed around and would like to get some idea of whats up before I head to the family law office.
2007-01-21
14:47:21
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8 answers
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asked by
Anonymous
in
Buying & Selling