"i went into a dealership to enquire about buying a car and asked them to see what finance they could find and if i would be able to afford the proposed payments , on the form i signed "subject to finance" the dealership came back with payment options but they were too much , so i said i could'nt afford these proposed payments, now the dealership is saying that i have to purchase the car because i signed a form at the beginning ,but i said it was only subject to finance, am i still abound to but this vehicle. thank you in advance, please help me
2007-06-13 00:40:32 · 11 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
If you have not taken possession of the vehicle, you have not purchased the car. They are trying to make a sale, using false and misleading tactics. If you did not sign a finance contract, they have nothing at all.
If you gave then any money, and did not take possession of the vehicle, you have the right to a full refund. They can not force you to buy the car, not accept the financing.
Walk away, if need be file a small claims court action, along with complaints to the state dealer licensing department and the manufacturer!!
I would never buy for a businsess that tried something like that!!
2007-06-13 02:26:48 · answer #1 · answered by fire4511 7 · 0⤊ 0⤋
You have to read documents before signing. Verbal agreement on your part was " you did state this payment amount I would do... anything more I will have to reject? Just keep telling them that payment I cannot afford and I am going to dealership X where the payment is just what I can pay...Your credit score plays into this and ability to line that dealerships pockets. Down payment to cover the taxes license registration and money for salesman's commission really loosens the interest rate.
I purchased a $32,400 car last year and put down 8,700 dollars cash. You would be amazed as to what the selling dealer will do to get there hands on $8,700 cash to do with as they please. Dealers really don't like trade in cars they will low ball your trade. I sold my 1997 car in two weeks.
2007-06-13 07:59:08 · answer #2 · answered by John Paul 7 · 0⤊ 0⤋
The answers above are correct. You should not be obligated to purchase this car since subject to finance means just that. But in the future, just be careful about what you sign your name to. Don't sign your name to anything before you know all of the detail associated with the deal.
2007-06-13 08:48:03 · answer #3 · answered by Jay P 7 · 0⤊ 0⤋
Subject to finance is all it is.
If you have not yet signed the finance documents and an agreement with the finance company, that includes insurance and title, then you are not obliged to buy the car.
Get a lawyer to go over the paper work you have signed as I think the car yard is trying to bully you into buying the car.
2007-06-13 08:29:45 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No you are not. The meaning of "subject to finance" is if you get approved for the finance you will take it or you can opt out. I would call Fair Trading (in your state of AUS) on this one.
It's illegal to do what the dealership is doing.
2007-06-13 08:04:50 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I am not qualified to give legal advice, so understand that this is just how I would treat this situation. If you do not sign the retail finance contract, they do not get paid and have not in fact sold a car. No signature, no sale.
2007-06-13 07:54:56 · answer #6 · answered by Anonymous · 0⤊ 0⤋
No!!!! You tell them you will contact a lawyer. Just as it was subject to the bank buying the deal it subject to you excepting the deal. Now I dont know exactly what you signed but you dont HAVE to buy anything. I sale cars and if you want more advise click on my picture and tell me more.
2007-06-13 07:53:11 · answer #7 · answered by Rick S 3 · 1⤊ 0⤋
Sounds like they are pulling a scam on you. They wouldn't give you payment amounts until you agreed to buy a car? That does not sound right. Contact your local version of the state consumer protection agency about it.
2007-06-13 07:49:24 · answer #8 · answered by Anonymous · 1⤊ 0⤋
Do not give them any money.
Do not accept the vehicle in delivery.
Contact your local BBB for advise.
File a complaint at the local DMV/Consumer affairs office.
Do not sign anything else.
If you gave them a deposit it is probably not refundable.
You are not under any obligation to purchase the car and usually have 3 days to cancel ANY sales contract.
2007-06-13 07:56:35 · answer #9 · answered by Mike 3 · 0⤊ 1⤋
they tricked you. you need to get a lawyer or find a way to make the payments.
2007-06-13 07:48:00 · answer #10 · answered by Heady S 3 · 0⤊ 1⤋