I recently purchased a vehicle from a dealership that was about to close it's doors. I test drove the vehicle, and sat down to fill out the sales contract. Due to negligence on the finance managers part the contract was filled in with 2.99 APR, I signed the contract, and was called in several days later to sign a new contract because the last one was incorrect. I have since had to sign 3 other sales contracts, the last one being for 0.01 apr 72months, according to the dealership the previous contracts were rejected by the manufacturer because they were inaccurate, and I was told that the newest contract I signed was the current manufacturer incentive. I have looked on the manufactures web page, and do not see that specific incentive listed. Since I have a signed contract with that dealership are the obligated to uphold their end of the contract regardless? I also have a trade in that was part of the deal that has not been paid for yet, and the car is now in collections/repossession status. Since this was my wife's car, her credit is now being negatively effected by this. Do I have any recourse, or any action that I can take on this matter?

What do you all think? I have posted this on a law site, and hopefully I will get something back from them.

thanks,

caelin~

 

anyone? As of this afternoon, I have talked to the GC of my company, and she gave me her cell number and instructed me to call her if the dealership tells me to come back in...

caelin~

 

i would talk to a lawyer. something similar happened to a friend of mine and they won the case against the car lot. always do some research on a carlot before buying from them cause there are alot of shady *** lots out there

 

I hope this pans out, Caelin.

BTW...you're a sexy *****. *rawr*

 

haha, thanks bro, I hope it all works out as well....

At least I have a lawyer, so if need be I'll sue.

caelin~

 

If they sold you the car with the 0.01 incentive and you signed papers for that rate then they have to honor it. It's a legal binding contract and as long as you have documentation of the agreement then its a go. Your car is not financed through the Manufacturer though so chances are it could have been rate offered through that dealership.

Different stealerships use different banks, if a promotion is posted on the website then it is an agreement for that stealership to try your credit at a specific bank for that rate. However, if it is not listed you may get a better or worse rate. You may have to sue the dealership or you can call Mitsubishi and they may be able to open a case for you. You are going to have to sue for the trade in part because that is the dealership or their banks responsibilty. Your car is paid for by the dealership as soon as it hits the lot, you buying it is how they make their money back. Thus the principle of moving inventory so the dealer can stop paying for the car to sit on the lot.

Good luck.

 

That sucks Caelin...too bad the Legal Office on Meade can't help since you are not a AD card holder. I wonder if CWF had a legal advisor or some sort....sorry to hear about this matter and hope that it'll be resolved. All my small claims lawyer frens are in the west coast...but I'll cut and paste your post above and see if I get a response.