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I sign a contract with the dealer but the bank backed out of the financing after driving the car off the lot. Can I keep it.?
Wiki User
∙ 16y ago
Literally speaking, you can physically keep it until they repossess it and incur any fines/penalties/bad credit marks.
Wiki User
∙ 16y 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.
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.
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
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.
Can a dealer back out of a contract before the car is delivered?
As a general rule - no. A 'contract' is a legally binding instrument. Both parties to the contract agree to abide by the provisions of the agreement which they have signed. There may be circumstances which 'breach' the provisions of the contract and make it invalid (i.e.-financing is unavailable - the contract wasn't signed by by a 'lawful signatory' of the dealer - etc.) More specifics would have to be known for a more specific answer.
Can a dealer ask for you to sign a reconstructed contract if there was a mistake on their part The contract has already been signed by both parties?
Yes, errors can keep you from financing the vehicle and they could take the car back if there is no financing. It is in your best interest to read the contract carefully and get full details on the changes made before signing a second time. If numbers have changed and they have upped the price, you can walk away.
Can a dealer refuse to refund a down payment if contract is voided by the dealer because of financing?
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."
Can a car dealer cash a deposit check before the contract is completed?
Yes, they can cash a deposit check before any contract is completed. The purpose of a deposit check is to hold a vehicle for a person while they are waiting on the financing to go through.
How long does a dealer of a used car have to find you financing you have had a car for over 45 days and the dealer keeps saying they are searching for financing?
Why don't you go find your own financing. It is not his responsibility, it is yours. You are the one buying the car.
my company sells air purification equipment to our existing customers,can you offer dealer financing?
Dealer financing is available the details will have to be presented and handled on a case by case basis.
