I just picked up a used Trailbalzer monday night from a dealer but waiting on the finance company to get the status of my home loan which is supposed to be current but isnt and that will be very soon. Thing is the interest rate is 21% and after I got the trailblazer my father in law says he will help my buy a car and co-sign. Can I just take the car back now since the financing hasnt gone through yet?? Any options would be helpful...thanks!
2007-06-16 05:45:19 · 8 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
You took possesion of the vehicle, which means that you signed a contract. You also signed that you would return it if the financing was not approved. If the financing is approved, you are can not return the car. If it is not, you have to return it. The dealer is in the drivers seat now.
You bought a vehicle. Unless the dealer agrees to take it back, you can not return it. You can be sure that the dealer will get the financing approved.
There is NO right to return a car because you changed your mind.
There is NO right to return a car because you changed your mind.
There is NO right to return a car because you changed your mind.
I can not say this enough!!!
The 72 hours rule that everyone keeps talking about applies to in home sales. It does not apply when you go to a "normal place of business". It was designed to prevent people from being pressured into signing contracts just to get the salesman to leave their home. When you go to a place of business, you always have the option of walking out. You can not walk out of a sales situation in your own home.
When you take delivery of a vehicle, and drive it off the dealers lot, you own it!! The dealer is not required to take it back, and most likely will not. If he does, you will have to buy another vehicle from him, because he is not going to refund your money.
If your Father in Law is willing to co sign a loan, you may be able to get better financing on the truck than the dealer is offering.
2007-06-16 06:26:48 · answer #1 · answered by fire4511 7 · 2⤊ 0⤋
Yes, hurry back to the dealership before the financing goes through! Plus, if there is a fundamental change to the original estimated finance charge you have the right to opt out of the deal. I have done this in the past when I was wanting to purchase a new Dodge Neon and was quoted a specific payment amount of $234 a month on a Friday afternoon. I agreed and even took the car home for the weekend. Well, on Monday morning I went in to the dealership to sign the final paperwork and was told the actual final payment would now be $288 a month due to a change in financing terms. I went into space and opted not to buy the car due to the different terms. I wish you luck!
2007-06-16 08:19:09 · answer #2 · answered by Roaddogg 6 · 0⤊ 0⤋
After reading the answers that you have gotten thus far, I am prompted to write this response.
The guy that was in the business is absolutely correct on all points. However, if you are in possession of said vehicle and have not signed for it, it's hard to believe that a dealer would do that but if you say so......Call the dealer immediately, tell him that you are having a problem with the financing and that you have a co signer, perhaps he'll do right by you. I tend to doubt it though. Car dealers as well as anyone else in retail sales are out for one thing, to make money, but they also want you to send people to them. Talk to the guy, give him a chance to help. If he refuses to talk to you then you know that he isn't the best person to do business with. tell him that you are going to tell your friends that he won't help you. That will p**s him off enough that he might help you.
I tend to doubt that though.
Rick
2007-06-16 06:48:10 · answer #3 · answered by ricrossfireclub 4 · 0⤊ 0⤋
there is distinctive regulations on your state, yet in maximum factors, you does not be obligated to this deal. That broking took a danger in "rolling the deal" or a "spot transport" as they call it, this is whilst they're so afraid that in case you bypass away with out the automobile, you isn't lower back. That on this is very own might desire to lead you to question if to procure a stable deal or no longer, they might even have some extra rubbish on your words which you do no longer unavoidably choose. i might take you funds purchase cost, and learn it at yet another dealership or 2 to make optimistic this is a stable deal, and verify your financial business enterprise's activity cost to be sure in case you qualify for a extra suitable cost.... additionally undergo in suggestions that a broking can bump your cost up bigger for earnings, noted as a finance reserve.... he may even in simple terms be attempting to get grasping.
2016-10-09 08:12:21 · answer #4 · answered by ? 3 · 0⤊ 0⤋
If you weren't under a contract they wouldn't have let you drive off the lot with it! If you didn't sign anything drop it off after you call the finance compay if you haven't signed any documents with them either! Chances you are SOL on both cases!
2007-06-16 05:52:45 · answer #5 · answered by samhillesq 5 · 1⤊ 0⤋
I think there is some sort of consumer law on large transactions that gives you a 'cooling off' period-think it's 48 hours. You could call an attorney to be sure.
Take it back to the dealership if it hasn't been any longer than that.
2007-06-16 05:53:38 · answer #6 · answered by Big Bear 7 · 0⤊ 1⤋
If you haven't signed anything yet the Dealer may have a soft heart for you.l
2007-06-16 05:51:27 · answer #7 · answered by billy 6 · 0⤊ 1⤋
well said fire. That is the perfect answer.
2007-06-16 06:42:57 · answer #8 · answered by jay 7 · 0⤊ 0⤋