I recently "bought" a car in Nashville, TN. The dealership said I was approved and I took the keys to the car and drove home. A few days later they call me in. I go in and they said financing fell through i need to pay more with a different company (drive financial). After much thought I said yes with $90 more a month and 24% financing. Well, I get a call last week from "service finance" a difference financier. They say that the dealership pulled my contract from the other company and gave it to them. I'm sick of this, I've had the car 3 weeks and want to give it back. I've read, reread and re-read the contract over again and noticed on the back that the contract is not binding if A. the dealership couldn't get financing from institution on front (drive financial). and B. if it is not accepted by manager and signed. I looked on the front of contract. It has my signature but not theirs. What should I do?
2006-09-16 14:03:04 · 7 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
oh yeah, I put down a downpayment of $800 and they are waiting to cash my $200 check on the 22nd. My temp permit runs out on the 23rd. Do you think they're waiting to call me until after they get my 200? Like I said before I want to give the car back and get my deposit back? Do I have grounds? Anyone know any legal websites for consumers with specifities for these situations of drop delivery?
2006-09-16 14:05:06 · update #1
I would argue that the sale was never ratified.
Return the car and walk away. No car, no financing, no sale.
2006-09-16 14:12:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I'm a Sales person in CA, I'm not really sure about the law in TN I sole cars in NC , could be the same.
the have the rigth to summit your application to different banks to get the deal financed, it looks that they got the deal financed with more money at another bank, and if they later sent it to a different fiance co. is becasue the are going to get more point in the finace (the finance co bought the deal at a cheapper rate, more money for the dealer. but I think taht if the contract is not signed by both parties is not a legal binding contract.
2006-09-16 21:04:00 · answer #2 · answered by OMAR G 3 · 0⤊ 0⤋
yes you can take the car back but understand you had it for 3 weeks they can charge you a users fee for that amount of time you had the car. so you might lose your $800.00
down payment . cancel your $200.00 dollar check... go to a free legal service center ask for a lawyer. you might be stuck on this since some dealer ships have a 10 day money back contract.
2006-09-16 15:10:58 · answer #3 · answered by hackstudio 4 · 0⤊ 0⤋
Take the car back!!!! 24% interest is ridiculous, and they should notify you if the financing changes. I wonder how many other people have just sat back and accepted this "deal". Then I would report them to the Better Business Bureau.. Do it quick! And tell them if they give you any problems, that your laywer will contact them for fraud....
2006-09-16 14:07:01 · answer #4 · answered by ray of sunshine 4 · 0⤊ 0⤋
Worse comes to worse, don't make any payments on it and let the loan company take it back, meanwhile drive the heck out of it and get your moneys worth.
2006-09-16 15:06:37 · answer #5 · answered by mister ss 7 · 0⤊ 0⤋
I suggest talking to a lawyer--someone who is good at finding loopholes like that. If you're lucky, maybe you can get them on a technicality. It sounds like they made some mistakes.
It'd be worth it to just talk to a lawyer about it.
2006-09-16 14:20:30 · answer #6 · answered by willow oak 5 · 0⤊ 0⤋
TAKE THE CAR BACK NOW!!!!!!!!!!!!!!!!!!!! You might lose your $1000, but you will lose more if you keep the car with that financing.
2006-09-16 17:41:00 · answer #7 · answered by sfcjcl 5 · 0⤊ 0⤋