i bought a car and have had it for 2 weeks now the dealership is trying to take it back, is that legal? HELP!!

Question

like i said i only had it for 2 weeks. The dealership called and said that they cant get it financed now. so what am i supposed to do. i thought they were supposed to have all that taken care of before the car leaves the lot. so what should i do now. Does anyone know who i can contact to find out some answers.?

Answer 1

This is the number one scam for car dealers according to every site I checked, so don't feel too bad. Their financing department basically lies to you to get you to take the car. You should never accept a car or sign anything until you have financing for the car in writing. Ever!

My advice is to not get stuck with their financing again! You need to go online to a site like E-Loan (eloan.com) or Lending Tree and apply for financing. When you get approved, have them send their "Power Check" immediately. You should get it within a day or two. You can put the amount you owe the dealer on the check, hand it to them, and your car is financed. I found a site that details this scam a little more (see below).

EDIT:
Leave it to a CAR SALESMAN to lie about a lie. If the dealer wouldn't have pressured her into taking the car from them and led her to believe the car was hers even though they knew full well they probably wouldn't secure financing none of this would have happened in the first place. I'd suggest that next time she take someone with her that can deal with spot delivery scam artists like the poster below.

Answer 2

This depends on what state you live in I live in Texas so can only comment on here.....

If financing falls through a dealership is legally allowed to take back the vehicle. In every state you take the car before the final papers have been filed with the loan officer. If something comes up on your credit or such that they can not provide you with financing than it is your responsibility to find your own financing with a bank or lender, NOT the dealerships.

Also, not sure about there but here if they choose they can also charge you rent on the vehicle for the days you had it. Although, this rarely stands up in court and is bad for business so they rarely do it.

Good luck, my advice go to a couple of banks/lenders and try to get your own financing. Depending on your credit score, which I recommend you look at before you start this whole process so you know what kind of intrest you should be looking at, you may have to go to one of those high intrest lenders that will charge you more to borrow the money than youwill pay for the car. But, thatis the price you pay for bad credit if that is the case.

I hope everything works out for you.

Answer 3

Call the dealership and ask them to point out to your where in the contract is says that they can take it back after two weeks. Read it carefully.

It's a good idea to call the Better Business Bureau. They can probably tell you whether or not it's even legal. If it's not legal, I think they can help you fight the dealership to keep the car.

Also, if the dealership can't finance it, you may want to try getting it financed through a bank.

Answer 4

Sometimes financing can take a while to be finalized. If I were you, I would go to the dealership and talk with them to get to the bottom of this. Take someone with you (preferrably a man) that knows something about this situation. Make sure that if you are made to return the car, you have proof that the financing was taken off your record. Also, it would be a good idea to call the bank in which the loan was processed. You may even want to contact a lawyer. Usually they will give you advice over the phone. Good Luck

Answer 5

So you are saying that if you can not qualify for the loan to pay for it, they should allow you to keep the car for free.

I don't think any dealership could stay in business very long giving away free cars.

You need to try to work with the dealership on this issue. They would much rather sell you the car than have it sit on the lot.

Check with your bank and see if you can get a loan for this car.

As this car was purchased with a loan, there is a lien on the title. With a lien on the title, this car is not really yours until it is completely paid for and you receive a clear title without the lien.

Answer 6

AS IS ability basically that. you have a duty to shield your self once you're making a purchase order this huge. Taking the vehicle to a mechanic for an inspection might have prevented you making a intense priced blunders. Now you very own a vehicle that needs maintenance. You have been shown a vehicle, inspected it, drove it, negotiated a value, signed a settlement and handed over your money. the faults that are on the vehicle have been there the day to procure it. You agreed to purchase the vehicle interior the project it replaced into shown to you. subsequently, you very own a vehicle with themes. there is no lemon regulation - everywhere - which will allow you to to unwind a purchase order on a 10 12 months previous used vehicle. You very own it. fix it, sell it, scrap it, or stress it as is. those are your alternatives. The broker has no extra duty

Answer 7

Read your contract - see if it says something like "sale contingent upon financing approval". If it does - they can take the car but they should return whatever you already paid. Otherwise, you can contact the State Attorney's office and Secretary of State Licensing Board - they handle dealer licenses, and have means to reason them.
In any case, if the dealer screwed up don't feel guilty and take advantage of the situation because they wouldn't hesitate for a split second before screwing you in any way possible.

Answer 8

no, they can do that, you signed a spot agreement saying it is up to the dealership to get youfinanced, somebanks approve people with credit automatticaly or somethimes even people with bad credit, but most of the time they let you take the car thinking they can get this done, but sometimes it does not work out that way. You can't really do anything about it, but they can't charge you anything for driving the car or even minor damage, just give it back, unless you can get your own financing.
If you like I can try to help, I work at one of the toughest credit having dealerships.
www.sunrisechevy.com
midlothian Il, outside of chicago
attn Gabriel
these people on answers are crazy, this is not a scam, they want to sell you the car, they definitely don't want it back, but they have no choice, the salesman has to do double work and get charged back on money already spent, the finance dept has to redo all the paperwork on the car, mgrs have to stock the car back in, if you damage it they have to pay to get it fixed, and accounting has to do a lot of paperwork,
and trust me if they cannot get you financing, there is nothing you can do about it, and they sure as heck not going to pay for a rental for you!

Answer 9

Did you sign final papers? Transfer title and put plates on it? If not then you were just loaned the car while they were getting you financing in place. But it seems funny to me 2 weeks lapsed before they wanted the car back.

Answer 10

Dealers don't finance cars. They arrange fianancing on customers' behalf. They attempt to find a finance company (usually the financial arm of the car company) who will accept your application. If you have bad credit, they may not be able to find anyone who will take your loan.

If the dealer can't find a finance company to take your loan, he hasn't been paid for his car. It still belongs to him, and he'll ask you to either give it back or find your own financing.

Based on your question, I assume that you have bad credit. You should expect to continue to have problems like this for years to come. You may have problems getting car insurance as well since most insurance companies now base rates and acceptance on credit scores.