How can a dealer demand a newly pruchased car back?

Answer 1

Well we may need a little more information to answer that question like what the dealer specifically said to you. I'm going to go out on a limb here as I think I have an idea what's going on.

I tried to purchase a new car once and I was so nervous that my credit wasn't good enough I refused to even test drive the car. The finance guy finally had me fill out the credit app and told the salesman to go pull the car up. While we were out riding he would run my credit so I reluctantly agreed.

As soon as we get back the finance guy calls me in and starts printing up the papers while making small talk. He asks for my down payment check, I sign the documents and he hands me the keys to the new car. He slowly works in that the banks were "supposedly" understaffed (as it was getting late) and that it was causing a delayed response time so he wouldn't have the final approval till the next day.

My heart starts pounding and my voice cracks as I tell him I'm not leaving in this car unless I know its mine. I pass the keys back and say I can wait till tomorrow. I told him there was no way I was leaving if there was the slightest chance I would have to return it. He got up from his desk stood in my face and told me he'd been doing this for over 20yrs and there is no way he would be giving me the keys to a 26,000 dollar car if he couldn't make it work.

I felt relieved and scared at the same time so I grab my stuff and drive off. I didn't get a copy of anything I signed but I didn't think anything of it at the time since it wasn't the final approval.

Of course I couldn't sleep and the next day I call to see if we're all good and I get the runaround. For three days none of my calls are returned. I was too scared to go back down there so I just relaxed and started thinking positive. The next day I get a call at work that the financing didn't work out and I need to bring the car back that evening. I was crushed and angry that I let the cocky finance manger convince me to take the car. If I had my copy of the signed documents I would have kept the car and fought it but since I didn't have anything I just let it go and they gave me my check back.

I'm guessing your finance person was overzealous and your financing didn't go through. It wasn't till weeks later that I received all the denial letters from the tons of lenders they submitted it to. If you have copies of the documents you signed I would definitely seek some legal advice before doing anything.

After the fact another dealer told that me since I returned the car after signing the paperwork I could still be legally responsible for those payments if the dealer was unscrupulous.

Answer 2

the fact is that you're asking an ethical question, no longer a criminal one. likely, you're in the sparkling as long as there is no longer some thing particular in the settlement that obviously states the motor vehicle became no longer in an twist of destiny. except the damage became severe (i.e. body harm), the $3K might want to properly be severe. i understand it truly is a extraordinarily negotiable decision for the reason that they don't opt for to take the motor vehicle back because it truly is going to likely be considered used. they only opt for some type of repayment for some thing they quite figure became an unethical transaction. in case you've faith you should have disclosed the damage, then you definitely ought to negotiate the decision to $750 or some thing like that. in case you've faith any motor vehicle purchase is "shopper pay attention" then do not do some thing. clarify that you need them to point to the settlement the position you're answerable for this new "searching" on their behalf. So even as i'd in no way allow you to recognize to figure, in my recommendations it truly is a shared duty of shopper and seller to reveal major harm. If she had a small fender bender, then no biggie, yet when she rolled the motor vehicle or had major body harm, it truly is all portion of her difficulty, no longer theirs. once you get in an twist of destiny, it truly is no longer only the coverage deductible you pay for. you should appeal to close then second it takes position that you in reality whacked fee off the motor vehicle - no matter if you've been at fault or no longer. That has to go back from someplace. And sure, they must have executed a carfax record. it truly is why it truly is equivalent fault - if it truly is massive harm in reality. Small harm quite isn't any massive deal besides.

Answer 3

If you were trying to finance the vehicle, and the dealer couldn't get you approved at any of his banking sources, the answer is very simply: YES.