I recently purchased a car and...?

Question

the dealership 1. wants to raise my payments another 50.00 and also wants me to put an extra 500.00 down after they agreed I wouldn't have to put any more money down. Can I return the car and get my down payment back or is it to late. I've had the car for two weeks and I signed a contract. Please help

Answer 1

If you want to keep the car,do so! They cannot come back on you two weeks/ten working days after the contract signing. I strongly suggest you contact your state's licensing agency for licensed and new and used car dealers. There are many laws the dealers must follow,if they don't,people like you get scammed. I'm gonna guess that when they sold you the car,financing was an issue as far as payments needing to be a set amount,and a low down, so they jingled the keys in your face and stated that financing would be "no problem at all,we're here for you. So they probably set you up on a loan thinking they could get that rate,but now they can't and they don't want to absorb those extra costs,so now they want you to "fix it". Your state's licensing agency will help you sort this out, do not sign another contract in the belief that they just need to amend this a little. Do not give them any money, and keep your car. Good luck.

Answer 2

This usually happens when the finance company puts these requirements in place in order for them to "buy your loan." The dealership has nothing to do with it....at least not all the time. Usually this happens when your interest rate has been raised from what was initially quoted to you.

Because the terms of your initial contract are being changed, you can return the car and receive your down payment back. You are under no obligation to re-sign the contract if you do not agree to the terms.

Answer 3

Buy a new engine and install, or buy another car. Did you check the oil level after purchasing the car? For the future, you should always check the oil every couple of days after you purchase a car, even a new car. This is a good indicator of what condition the car/engine is in and it is your responsibility. No warranty will cover a vehicle if the oil is run low and the engine seizes, that is considered neglect. The warranty will cover the engine if the oil is running low prematurely and you are adding oil on a regular basis, and most dealerships will cover a used car for no more than 4 days, unless you purchase the extended warranty.

Answer 4

if u have already purchased the car how can they change the agreement? i don't think u can return the car since u signed a contract. Don't pay any more money, do u have a payment book? that should be all u need for proof

Answer 5

If you have the original sales receipt, you can tell them to shove it where the light won't shine. If they are that way, you'll never get your down payment back so why even try. Your contract will state how much everything was including the DP and they CAN'T break that contract without bring on a law suit.


Been there and done that.

Answer 6

If you signed a contract, the contract is binding, both to you and to them. If they say they made a mistake on the contract, that is their problem. Don't let them bully you into giving them more money. Some lower class dealers will try this occasionally.

If the contract said you would put down $2500, and you only gave them $2000, then you obviously owe them another $500.

Answer 7

if you sign paper work ,took delivery and exchange of money you pretty it's pretty much your car ,if they need more money down it means that the bank didn't approved the loan so yuo really don't have to give them any more money but you can wait for them to take their car back and they suppose to give your down payment back at this point bcs it wasn't your fault

Answer 8

The new terms would involve you having to sign another contract.

Answer 9

Ask them to put these demands in writing with details of the reason for the extra money as your lawyer will need to advise you.
You probably won't hear from them again.