car dealer changing terms

This is a discussion on car dealer changing terms within the Business Contracts & Partnerships forum, part of the BUSINESS & FINANCE LAW category; Is it legal for a car dealership to have you sign a contract at 8% interest rate, the accepted down ...

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Old Oct 28th, 2009, 11:36 AM   #1
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Default car dealer changing terms

Is it legal for a car dealership to have you sign a contract at 8% interest rate, the accepted down payment and what your payment will be and then call you back in and say they couldn\'t get that rate it is now 16% and your payment is $571 instead of $510, and we need $1200 more on the down payment?
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Old Oct 28th, 2009, 11:42 AM   #2
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Default Re: car dealer changing terms

Depending on what you signed you may fight it--and sue in small claims (even if the contract says otherwise)--you could argue they said it was a completed deal and you relied on it. Otherwise they must give you every dollar back and let you go to another dealer--

You may also report them to your state attorney general's office.
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Old Oct 29th, 2009, 08:57 AM   #3
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Default Re: car dealer changing terms

This car dealer "scam" happens a lot and often purposely!
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