can car dealership get car after the installment sale contract is signed?

Answer 1

Yes all those papers that you signed were pending Bank approval. Did you buy it after the banks were closed. Most dealerships tell you that if the bank doesnt approve the loan you will have to return the car.

Answer 2

this may well be a hotly debated undertaking. once you settle for a motor vehicle before the financing is approved maximum sellers have you ever sign a transport contract of a few type. in many situations it it is asserted as the MacArthur assertion by way of fact you assert which you "will return" if no longer approved. a stable MacArthur assertion says that the broker isn't a lender and an extremely stable one easily expenses for the miles pushed and damages if any. even if, there is extra desirable than one case on document the place the courts have desperate with the customer. they have reported that the broker IS a lender for this reason and the customer has been cautioned to make money to him. The states have jurisdiction in this and in case you experience you have been lie to, talk to an lawyer. First i could talk to the broker's finance rep. they could have a conditional approval from a lender that must be suited to you. it must be at a greater cost, shorter term or they could choose some documentation kind you. maximum sellers have a enormously stable thought who would be approved so in the event that they permit you're taking transport, the deal could desire to have some advantage.

Answer 3

Yes they can take it back. This happens a lot. The hope is that you like the car so much that you would rather come back and sign a deal with a higher interest rate than give it back. Don't play their game. Either find your own financing or give it back.