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Can a dealer refuse to refund a down payment if contract is voided by the dealer because of financing?
Wiki User
∙ 14y ago
NOTE: THIS IS NOT LEGAL ADVICE IN ANY WAY SHAPE OR FORM THIS IS JUST AN OPINION FROM SOMEONE WITH LIMITED LEGAL TRAINING WHO IS NOT AND IS NOT REPRESENTING HIMSELF AS A LAWYER OR AS A KNOWLEDGEBLE SOURCE.
Double check your contract for this clause if it is in there they may keep it because the contract is still valid even if financing is wrong.
"If a court should find that one or more provisions contained in these Terms is invalid, you agree that the remainder of the Terms shall be enforceable."
Wiki User
∙ 14y ago
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What if a car dealer takes your deposit but then can't get financing?
If the financing was being arranged by the dealer he should return your deposit. However, if you were arranging the financing then it is not his fault and depending on the wording of your contract he may be entitled to keep your deposit.
Dealer Financing vs. Credit Union Financing?
Dealer Financing vs. Credit Union Financing Use this calculator to help you compare financing between your credit union and low interest dealer financing. A dealer rebate, usually not available when you choose low interest dealer financing, combined credit union financing, can produce a lower initial loan balance, and in many cases, a lower monthly payment. The best option depends on the price of the vehicle, the size of the rebate and the interest rates available for financing.
After signing a car contract can a dealer say the bank did not approve you?
Yes, the contract only gives the dealer the authorization to seek financing based on the terms of the signed contract. Read it closely to include the fine print. If for some reason the financing falls through the contract usually becomes null and void.
Can the auto dealer change the financing options on a fully completed auto contract after the fact?
not without the sighners and cosighners consent, you signed a contract and only that contract, it is suggested you consult with a lawer if the dealer does not correct the problem
Can I file a lawsuit if a car dealer lies about the financing terms for a car?
"Caveat Emptor." As a consumer, you are to rely on the details of the paperwork and contract for financing, not what was allegedly promised/said by a car dealer. The dealer will likely claim that a) he said no such thing or b) you misunderstood. No matter, it is the signed contract that will be presented and the terms to which you will be held.
Which term describes a special type of dealer financing in which the last payment side significantly higher than the preceding ones?
Ballon payment
Can a dealer reposses a car for not paying deferred down payment that is not in the contract?
This is not your car. The down payment enables you to have the privilege of a contract. So, pay up.
You signed a contract for a used car the car dealer still has the car you have not given your down payment can you get out?
I THINK SO. THE CONTRACT HASN'T BEEN COMPLETED UNTIL THE DOWN PAYMENT IS MADE. HE'LL PROBABLY VOID THE CONTRACT FOR FAILURE OF PAYMENT.
If a car payment is due on the 14 but a payment will not be made until the 29 can the dealer repossess the car in Georgia?
YES, if you are in default of the contract, the collateral can be repossessed. Read your contract again.
If you have financing from your financial institution and go buy a car is there any legal reason for the dealer to rescind your contract?
Have A County Attorney Read Your Contract, And Tell Him The Reason Stated By The Car Dealer. If Its In The Contract The Dealer Signed He Has To Fulfill His Signed Agreement. If He Has Not Entered Into A Contract With You On The Car, Signed By Himself. Then You Will Need To Walk Away. GOOD LUCK
Can a dealer refuse an 1800 down payment if no contract was signed?
A dealer can do whatever they want, they are not legally obliagted to sell you any car.
What is a supply contract?
A supply contract is a kind of agreement that a dealer makes to the supplier. The supply contract has some elements like where is the product be submitted and the payment terms.
