Auto Loans and Financing
Contract Law

How can a car dealer call you back a week later and ask for more money per month if you signed a contract saying how much you would pay?


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Wiki User
2015-07-15 18:40:35
2015-07-15 18:40:35

Please read the papers you signed. They loikely state that the payments set forth are CONDITIONAL upon the dealer finding a lender that will take the contract as written. YOUR credit Report will have a lot to do with that happening. Maybe no lender wants to finance you at that amount based on your CR.


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Refuse and demand your rebate. You signed a contract that not only you have to live with but so does the dealer. The contract works both ways and all you have to do is say NO!

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If you signed it you are bound to it, even if you didn't read it beforehand. If you haven't signed it then they are responsible for fixing the mistake before you sign it if they still want your business. If you signed it and later came to a problem where you realized the contract was ambiguous it will work to your advantage under the rule of contra proferentum.

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The question is a bit confusing. When purchasing a car from a dealership, the transaction is by contract. Once the contract is signed, the contracted price is the price. There is no changing of minds later. If, as is not unusual, the dealer sent you with the vehicle to return at a later date to sign the contract, and then changed the price, this could be an attempt at fraud. Get the change in writing, do not sign anything, and take your evidence directly to an attorney who specializes in consumer fraud.

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Yes the dealer sends your signed contract on to a loan broker possibly the company that makes the vehicle and they in turn run a credit report if your credit is not up to the standards for a zero percent loan it is not accepted you in turn do not have to purchase the vehicle since the terms you signed for are not accepted the contract is void. Let the dealer lower the price to you or go someplace else to purchase.

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The dealer typically never signs the contract when the customer does. The dealer principal does quite often. Sorry this is not a loophole, its still a binding contract. However if you signed an open contract where it doesn't say what bank anywhere on the contract its assigned to then a very good lawyer can help you. Sometimes dealers can have you sign a contact without getting an approval from a bank first so they can leave that part out for them to hand write it in later.

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