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miri · Sep 11, 2009, 10:54 AM

About a month ago I trade in my car for a new car. The dealer already paid off the car I trade in but now they are telling me that they need more money for down payment. That when we sign the paper work we were still not approved but we were never told that. They did a credit check when we applied and they said everything was fine now they are bringing a problem we had 3 yrs ago when a car was reposed. What are my options can I hold them accountable for the contract we signed and keep the payments to what the contract said.

JudyKayTee · Sep 12, 2009, 02:19 PM

Did both of you sign a final contract or did you sign some type of application?

miri · Sep 14, 2009, 12:22 PM

We both signed a final contract

this8384 · Sep 15, 2009, 10:30 AM

I want to make sure I understand; you're saying that the dealership is now trying to get you to pay more for a vehicle after both you and they signed a purchase contract?

If you were not approved for the loan, then they wouldn't have given you the car. It's that simple. If they agreed to accept a set amount as a monthly payment and agreed to accept payments for a certain amount of time, they cannot just increase the final price of the vehicle because of a prior repossession. They would have had that information on hand when they initially did a credit check.

Where is this dealer located?

miri · Sep 15, 2009, 11:39 AM

Glenndale nissan

this8384 · Sep 15, 2009, 12:47 PM

Originally Posted by miri

glenndale nissan

And what about everything else I said? Do you have the signed documents with you?

Fr_Chuck · Sep 15, 2009, 12:52 PM

You may hold them to the terms of any contract you and them both signed. Besure what it is you signed, many "contracts" are merely applications that are sold to banks or loan companies and not final for some time. Have an attorney in your area read over what you signed

Stringer · Sep 15, 2009, 01:21 PM

Originally Posted by this8384

I want to make sure I understand; you're saying that the dealership is now trying to get you to pay more for a vehicle after both you and they signed a purchase contract?

If you were not approved for the loan, then they wouldn't have given you the car. It's that simple. If they agreed to accept a set amount as a monthly payment and agreed to accept payments for a certain amount of time, they cannot just increase the final price of the vehicle because of a prior repossession. They would have had that information on hand when they initially did a credit check.

Where is this dealer located?

There are some dealers that will give you the car to drive for a day or so if you have good credit. They believe that once you have the car and drive it you will want it.

this8384 · Sep 15, 2009, 01:55 PM

Originally Posted by Stringer

There are some dealers that will give you the car to drive for a day or so if you have good credit. They believe that once you have the car and drive it you will want it.

True, but by the OP's own admission, they had a repo three years prior. I doubt their credit was that good.