Can we sue

Mepoopsie

New Member
Jurisdiction
Florida
We went to a dealership on 4/22/17 we were told we got approved and signed the papers and drove the car home that day. Around 5/18/17 recieved a call telling us that that loan fell through and was told they found another bank that approved us to come in on 5/20/17 to sign the new paper work. Got another call today telling us to return the ca asap that we dont have any loan. We have had the car almost 2 months now and have paid the insurance on it. They have ran our credit so many times that it has dropped our credit scores so now we will probably be able to go anywhere to get another car. Can we sue them for all they have put us through?
 
You can sue, but no, you don't necessarily have a good argument to make. You need to find terms of the contract the dealer did not adhere to.

Review your contract thoroughly. Somewhere within all that language are terms explaining when and how the contract may be terminated. Canceling the contract for this reason is very common, however the time seems excessive. How long does it allow for processing of financing and cancellation?

If you return the vehicle you will owe a prorated amount for the time you had it. Any money you paid to insurance can also be prorated and returned to you.
 
You can sue, but no, you don't necessarily have a good argument to make. You need to find terms of the contract the dealer did not adhere to.

Review your contract thoroughly. Somewhere within all that language are terms explaining when and how the contract may be terminated. Canceling the contract for this reason is very common, however the time seems excessive. How long does it allow for processing of financing and cancellation?

If you return the vehicle you will owe a prorated amount for the time you had it. Any money you paid to insurance can also be prorated and returned to you.
Thank you i will have to read both contracts
 
Would we have a case for putative damages, emotional destress because they put 23 hard inquiries on my credit and now probably will not be able to get credit anywhere

No, because somewhere among the jumble of words in your contracts is your authorization to pursue financing for you, which means hard credit pulls all day and all night until a lender is secured.

The next time it might be better to secure your own financing prior to setting foot on any auto dealer's property.
 
Inquiries alone won't hurt your credit that much, especially if over a short period of time. Since the loan hasn't been secured it seems you may have already had some pre-existing credit issues?
 
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