End of lease, trade and new purchase contract

P

purplepassion1993

Guest
Jurisdiction
Arizona
Summary: We were at the end of our lease with the option of returning and paying 5k for over mileage, buying the car at the contract price that was $5k over blue book value or trading and working a buy option at a dealer. We looked everywhere for a week and found a nice deal on similar newer used car. We negotiated the price, trade in value, down payment and agreed to dealer financing for the remainder. They sent us home with the car and would drive the paperwork down to our home the next day.

Contract: The dealer sent a representative to our house to have all the papers signed for the purchase and financing and we gave them a check for the down payment. However, all of the papers are $10k under the price we negotiated (in our favor). The representative drove away without giving us a copy so we drove to the dealer, met with the financial officer and have copies of all the signed paperwork. They still have some detailing and extra car parts they are going to install this coming week. There will be no problem with the financing as we have perfect credit.

Question: Should we mention something to the dealer? Will they find the error? Will they try to come back and have us re-sign all the paperwork? I, of course, have a conscience and feel a bit guilty, but know that other dealers have taken us to the cleaners before and figure this may be our turn to have something good happen.
 
Should we mention something to the dealer?

Hell, no.

Will they try to come back and have us re-sign all the paperwork?

If they find the error, you bet they will. But, unless there is an obvious error in the arithmetic, you can refuse to sign any new paperwork and hold them to the contract just as they would hold you to it.

I, of course, have a conscience and feel a bit guilty, but know that other dealers have taken us to the cleaners before and figure this may be our turn to have something good happen.

Exactly.
 
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