I bought a car and need help want to change it?

Question

I bought a car and need help want to change it?

i bought a car that cost me about..12,379.00 us dollars. the interest rate is 11.5%
i pay monthly 277.00
have me 2 payments

i found out that the car has been in an accident (carfax)


i do not want it anymore

is there a cancellation fee to get it back to the dealership the contract was signed on may 4, 2007.

can i return it or have to pay a return fee or trade or

i dont want the car... at all.......
will it affect my credit?

i need help on this ....im really mad that the dealer did not let me know about this..

i dont know what to do but i really dont want the car at all..

Answer 1

So the car has been in an accident, maybe the front fender was dented, it is no big deal.

Answer 2

By "accident" do you mean the car was totaled? As in it has an actual Salvage title. Depending on your state, the dealership has to disclose anything like that on the title. If it was in a fender-bender and you did a carfax after you bought it, then that's all on you. The dealer can't be held accountable for the complete history on the vehicle, and obviously can't disclose anything that they themselves aren't aware of.

I would not recommend having the car repossessed because that will trash your credit. The next time you apply for a car loan (if you'll even get approved with a repo on your report) you will have an interest rate that's way higher than you are paying now.

If you really hate your car, sell it on your own, pay whatever it costs to cover the remainder of the loan. (You can't sell a car if you still have a loan on it. The buyer or leinholder will need the title).

Basically, do your homework before purchasing a vehicle. It's worth the $20 for the carfax upfront when you are spending $12,000 of your money.

Answer 3

No, there is zero, zip, nada that you can do. You are what is known as an "owner". You have nothing to be mad at the dealer about, they are under no obligation to disclose a prior accident(unless it was a brand new car, different story)

Let me ask you this, suppose you were trading in, or selling the same car, the damage has been repaired (obviously since the only way you found out was through carfax) are you going to disclose the accident so that your price gets knocked down. If you say no, then you can't blame the dealer. If you say yes, you are a liar.

Might have been a good idea to check carfax BEFORE you bought the car.

Answer 4

There is no 3-day return on a used vehicle, unless it's something offered by the dealership.

You bought a used car and should have run the carfax report before you bought it. There's no cancellation fee/return fee/trade fee because you signed a loan contract and cars aren't returnable like a pair of jeans at Walmart.

The dealer is not required to disclose if the vehicle has been in a wreck, unless it has been totaled and has a salvage title.

When you buy a used car, it is the buyer's responsibility to determine the condition of the vehicle before buying, because you can't get a refund or cancel the deal after the fact.

Answer 5

If I were you, I would take your Carfax report with you to the dealership and ask to speak to the manager. Tell him/her that had you feel you have been deceived and that you want to return the car.
Most likely, they wont let you do it without paying the entire amount of the car. Since your interest rate is 11.5%, your credit must not be very good. So, you may not have a lot of options other than just keeping the car until it is paid off and just learning from this situation.

Answer 6

I SERIOUSLY don't think there is anything you can do about it other than sell it.

I think there is only like a 3-day return on a vehicle.

Did you get the carfax report after the sale???

I BELIEVE that letting it get repossessed is the only OTHER way, which WOULD hurt your credit.

Answer 7

You own the car. Next time run the carfax before you buy.

Answer 8

You should have run the Carfax BEFORE you bought the car. You own it...they're not returnable.

Answer 9

Congrats--you are the proud new owner of a train wreck.

should've done your due diligence and checked carfax, and had a mechanic look it over. There is nothing you can do other than sell it.

Consider this an expensive lesson learned.