| Needing legit. advice about my rights as a car consumer?

Needing legit. advice about my rights as a car consumer?

flutterbyekisses21 asked:


on 11/4 I purchased a vehichle from a used car dealer. I used my prior vehichle as a trade in and was given enough trade allowance to provide a decent down payment. The sales person and I had to fed ex contracts back and forth for various reasons, and by the time we did the final contract(1/5/2007), I abruptly lost my job(1/9) .Now the company that had the the financing will not go through with the loan. Now the lady is telling me that I not only have to return the vehichle, but shes also telling me that I must pay the “negitive equity” from the trade that was supposed to be my down payment. If they gave me xx,xxx.xx$ for my truck, &x,xxx.xx went to pay off the existing loan for that truck, the $x,xxx.xx remaining should be returned to me if they cant put in me in a new vehicle, Correct? Im feeling a little pushed around and would like to get some idea of whats up before I head to the family law office.
I should add that although I was fired, I was blessed enough to turn around and join another company right away. The car dealers response to this: ” You havent been on the job long enough, and WE cant let this sit untill you get verifiable proof of income”…let it be known that i was on my prior job for 6 years, so it isn’t as though I have an unproven track record in my career that would cause them to balk at financing.

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Comments

5 Responses to “Needing legit. advice about my rights as a car consumer?”

  1. Jake on June 12th, 2009 11:02 pm

    I think so, but honestly your best bet is to ask a lawyer for advice.

  2. bostonianinmo on June 13th, 2009 12:47 am

    Sounds like a classic “Spot Delivery” scam. If the dealer is rolling back the deal, they have to return your trade to you. 2 months is WAY too long to get financing approved — and I’m suspicious about “FedExing” contracts back and forth on a car sale. This doesn’t make much sense.

    However, since I don’t know what XXX is worth, it’s not possible to answer your question further.

  3. oklatom on June 13th, 2009 3:26 pm

    Wrong. They didn’t default, you did. They are out the money they spent to pay off your vehicle. They are out the time and effort of putting together the deal for you. You are no longer in the same position, because you now don’t have the proper credit requirements to finish the deal. They didn’t make you lose your job, so they can’t be responsible. You will have to give the vehicle back, and pay something for the time you were using it. Why would they give you a vehicle free of charge for the time you had it?

    Go to the law office if you want, but I doubt you will prevail if you do.

  4. Scott on June 17th, 2009 1:54 am

    Just go to the law office, they will surely give you better advice than you will get here.

  5. Fred C on June 21st, 2009 8:17 pm

    Definitely talk to the lawyer on this one. 2 months to get financing in order? Sounds like a shady dealer to me. We have one like that here. They switch your financing around, and sometimes you don’t realize the favour they did by getting you financing was actually a high-interest lease. We used to have one that put your car on the lot while you were taking yours for a test drive, and in one case I know of, actually sold it on the poor people. That is no longer possible with the ownership documents we now have to obtain. Good luck.