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If you purchase a car and have signed the papers can the dealer come back to you and tell you that you have to put more money down because they used a wrong number?

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2015-07-15 19:27:58
2015-07-15 19:27:58

It depends on what the number was.

If you did the deal "subject to" anything like loan approval, a pay-off on your car being verified, appraisal of your trade-in if it wasn't there, then yes.

Anything other than that, I would be suspicious of. If you have more details, e-mail me and I'll see if I can help.

Jim Carty www.dealertricks.com

Besides the instances already mentioned above, the only other relevant circumstances would be additional cash down to reach a specific monthly payment or to lower the carry to an amount where the lender WILL finance the purchase or grant a more favorable financing rate(typically referred to as "loan to value ratio " or " advance ").

-David

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