If I signed a contract to finance a vehicle but I haven't taken possession of the vehicle? I just lost my job and I can't afford the deal anymore, plus I haven't given any deposit.
2006-09-02 21:47:29 · 3 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
If you have not given them any money and have not taken possession of the vehicle the chances are that, if you tell them you will not complete the sale because you lost your job, the finance company will happily forget the contract.
Why would they want to lend you money when you tell them you can't repay it?
You might offer to pay the filing/application fees if you're feeling generous.
2006-09-03 01:36:06 · answer #1 · answered by Michael Myklin 3 · 0⤊ 0⤋
you have 3 business days to cancel that type of transaction. If it has been more than that you are committed to the contract. Some dealers such as Dodge, are offering a 30 day buy back, you only have to pay for the mileage and some other fees. If this is the make of vehicle you were buying you may want to consider taking advantage of that offer. I don't know how much it may cost but it would have to be a lot less than the price of the car.
2006-09-02 21:55:43 · answer #2 · answered by Billy 4 · 0⤊ 0⤋
you have to read the contract. if it has been less than 3 days since you signed it definitely but you have to do it within 3 business days. Otherwise it is still possible depending on the contract. Many dealers will lie to you and tell you that it is not possible so read the contract and see what it says and if they are lieing to you show them the contract. Many times they rely on the fact the 95+% percent of people don't read contracts before (or after) signing
2006-09-02 21:56:11 · answer #3 · answered by ken 3 · 0⤊ 0⤋