I purchased an auto from a GM dealership, signed the contract (thru GMAC), took delivery of car etc. several days later i recieved a car from the finance manager saying they included a $1000 rebate that they shouldn't have, and i needed to come down there and resign the purchase agreement. this will raise my monthly payment by about $25. Am I leagally obligated to do this or is their mistake my benefit?
2007-10-08 08:50:56 · 11 answers · asked by kylet247 2 in Cars & Transportation ➔ Buying & Selling
Tell them to pound sand. If the mistake was in there favor,they would have NEVER called you!!
2007-10-08 09:32:50 · answer #1 · answered by Tim 5 · 0⤊ 0⤋
Rebates are paid to you or the dealer so if they included a rebate they expected to get that money back if you applied it to the price of the car. If there was no rebate available on the car and they gave you one. Its your gain.
If the rebate was supposed to go to them and they made a mistake and had it sent to you just send the check back when you get it. No loss no gain.
If they want to increase your payment they probably made a mistake and included a rebate they shouldn't have. I would say no way. The dealer and you both have ample time to review the contract.
If the owner of the dealership called or maybe sent a nice letter at least, I would offer to split the difference with them because everyone makes mistakes.
I believe that once the contract is signed there is no further legal obligation to give them any more money.
2007-10-08 09:09:54 · answer #2 · answered by SlugKing 3 · 1⤊ 0⤋
No you aren't responsible for their financial mistake. Take the car back to them and ask for your down payment back. If you gave them a car as a trade in, ask for it back. Be firm on YOUR side that it was not your mistake and you are not going to pay for it.
A ford dealership did that to me and I went back to them with the vehicle and said, keep it. give me my car back. The ended up having to honor the original aggreement because they made a second mistake. They sold my car.
In many cases, it's called bait and switch. Traditionally a bait and switch is where they promise you one product and sell you a different one that isn't as good. In your case, they made you one contract and are trying to bind you to a different one. Don't fall for the additional $25. I realize that it's 25 bucks but that is not the principle. But ultimately, you have to follow your conscience.
2007-10-08 09:01:01 · answer #3 · answered by Carol T 4 · 1⤊ 0⤋
The dealer will have to eat that money. The will try to get you to pay more, but for a mistake like this, they should eat it. This is assuming that you didn't mislead the dealer with incorrect information, regarding loyalty or conquest.
2007-10-08 08:54:42 · answer #4 · answered by jay 7 · 1⤊ 0⤋
I would take the car back up there and return it and go to another dealership to buy the car. It was their mistake, they need to eat it.
2007-10-08 08:55:19 · answer #5 · answered by twinturbo1994 4 · 1⤊ 0⤋
They are the professionals they should have reviewed the contract before releasing it. Legally you don't need to do anything.
2007-10-08 08:54:05 · answer #6 · answered by soaplakegirl 6 · 0⤊ 0⤋
They should honor the contract. Legally you're free and clear.
2007-10-08 08:59:24 · answer #7 · answered by dundalk1 3 · 1⤊ 0⤋
No you are not obligated to resign anything. It was their mistake so they pay for it.
2007-10-08 10:04:01 · answer #8 · answered by brandie v 1 · 0⤊ 0⤋
You are not legally obligated to do anything. Signed, sealed, delivered.
2007-10-08 09:25:47 · answer #9 · answered by FORD-MAN 5 · 0⤊ 0⤋
IF WAS REALLY A MISTAKE( AND IT MIGHT BE WORTH YOUR WHILE TO CONSULT AN ATTORNEY) AND IF IT'S TRUE THEN JUST HOW HONEST ARE YOU. THIS IS ONE YOU'LL HAVE TO ANSWER YOURSELF.
2007-10-08 08:56:30 · answer #10 · answered by Loren S 7 · 0⤊ 2⤋