I traded off my old car to a dealership. First contract they could not find a bank and told me that the next car was preaproved for a loan. Completed paperwork for that car. two weeks latter, Dealership called and said that loan was cancelled by that bank. Returned car back to dealership. They called me up 2 weeks latter and said that they had a new bank to complete the loan. I refused to sign any more contracts with the dealership. They informed me that they considered this to be an open contract an that they could submitt it to any bank and that it was also a binding contract. I found out latter that they had sold my trade in a couple of day after signing the first contract. I also discovered that the dealership had modified the original contract to reflect the new bank's information on it. The bank has also informed me that they consider this to be a binding contract. Is this a binding contract? if not, what can be done about it?
2007-02-03 13:57:03 · 1 answers · asked by Raymond H 1 in Business & Finance ➔ Other - Business & Finance
Really have to read the details in fine print to figure this out.
Some states of fraud agenies to help you out.
Some states offer free legal advice to help you out.
Seek some local help
2007-02-03 14:04:07 · answer #1 · answered by Bob 4 · 1⤊ 0⤋