My jurisdiction is: Cleveland Ohio
On Dec 21st 2008 I bought an 04 Mitsubishi eclipse for $15,000, I traded in my 02 Mercedes to get $7000.00 down on the new car. I was approved for a car loan for the remaining $8000.00 at 10%. I signed all the paperwork and went home in my new car. Now Dec. 31st 2008 the dealer has called me and said that my rate is actually 18% and that I must either provide a cosigner or come sign the new loan paperwork. I'm not sure they can do this if I already signed a contract with them for 10%. Please Help?
Monica D.
On Dec 21st 2008 I bought an 04 Mitsubishi eclipse for $15,000, I traded in my 02 Mercedes to get $7000.00 down on the new car. I was approved for a car loan for the remaining $8000.00 at 10%. I signed all the paperwork and went home in my new car. Now Dec. 31st 2008 the dealer has called me and said that my rate is actually 18% and that I must either provide a cosigner or come sign the new loan paperwork. I'm not sure they can do this if I already signed a contract with them for 10%. Please Help?
Monica D.
