CAR REPO before financing

[mariss]

I bought a car on Feb 15th left a 1500$ down payment and a promise to pay a remaining $500 for a total of $2000. I spoke with the bank and finalized the loan. I went back two weeks later and made a $300 payment for the down payment to the used dealership. They just reposessed it today for the "truant" $200 remaining balance. The bank says they dont even have my contract anymore ?? Its been 45 days. Can they do this? And are they required to give me my 1800 $ back. Or am I left with no money and no car ??

 

[army judge]

You're left without a car, and without the $1800 they're partying with tonight.

Little known fact: on most car finance contracts, the dealer is an undisclosed co-signer for the first 30 days, or until you make your first payment and comp,y with all contract terms (insurance, down payment, etc).

You exceeded the 30 day period by about 7 days. Read your contract, their rights and yours are fully disclosed; even if the print is very small.

Sometimes it's written in invisible ink. LOL