do i have time to back out or bargain?

Question

i traded in a vehicle that i owed on, i ended up upside down 6000,the vehicle i am or ? purchasing is a 2003 4x4 lariate extra cab lift 48,000 mi clean carfax they have written 3 contracts the last is 9.04% the total is 54,565$ we signed but dealer wants us to sign bank papers regarding direct deposit, i opened checking account at my bank per there request. my last meeting with finance guy he said he found way to lower payments, come to find out he wanted to remove warranty, i said no he said 1400$ on my halfe to keep, i said no he then came back with 500$ i walked out still driving the truck. he calls back a day later and sais they will do it, so back to the deal on paper,we need to sign bank forms,he said,2 days later he calls and states we need to sign these papers ,do you still want the deal? Am i stuck or is there any better way to handle this? he also mentioned we only have about 10 days?

Answer 1

If you have not taken posession of the new vehicle, I think you can back out but do it right away. If you have taken possession, then you may be able to bring it back but I can assure you, the dealer will hold you up because now the vehicle has been used more. It happened to me after having it less than a week. Cost me $4000 dollars.

Answer 2

If the dealer could not get the origional contract you assigned approved, at the origional terms, then you have every right to return the truck and get your vehicle and any deposit back.

Dealers have 10 days to get the financing approved, after that time they can demand the vehicle be returned.

Answer 3

i own a shop,and i have heard some good twist before ,but i have to say you got in good on this one,your just about to the point where you cant back out now,your having bad feelings about this one or you wouldn't want to back out of it and the amount your going to owe is unreal for a vehicles,i don't blame you for wanting to back out of this one,but honestly i don't think you can without going through a lot of hassle ,you might talk to a sales manger about it,but right now ,your almost locked i,good luck,i hope this help,s.