I recently purchased a brand new car from a dealership. I signed paper work holding me to a 12% interest rate with $600 for my trade in. Three weeks later the dealership called me back and told me that I had been approved for a loan but that it woudl be with 16% interest. Meaning my monthly payments would exceed an amount I agreed to.
I explained to them that I felt I had been mislead but after reading the paper work in more detail found that they are in thier legal rights to do so.
I told them I could not afford that amount and I would have to bring back the car. With this they told me that my car had been sold already and that they could not give it back to me.
Were they within thier legal rights to sell my car before the deal had been legaly finalized? If so, how do I go about getting the $600 they listed on the contract for my vehicle?
I explained to them that I felt I had been mislead but after reading the paper work in more detail found that they are in thier legal rights to do so.
I told them I could not afford that amount and I would have to bring back the car. With this they told me that my car had been sold already and that they could not give it back to me.
Were they within thier legal rights to sell my car before the deal had been legaly finalized? If so, how do I go about getting the $600 they listed on the contract for my vehicle?
