Legal Question in Business Law in California

denied finacing

I was laid off while finacing of my car was still going threw. it's been almost 3 months since it started. they have already sold my trade in and since they can't get finacing have denied approval . I have already made 3 payments to the car dealership, So inturn I have asked for a car in return of the same value as my trade in , I have heard that they can not legally sale my trade in untill finacing of the loan goes threw.


Asked on 12/29/99, 12:31 pm

1 Answer from Attorneys
John Hayes The John Hayes Law Offices

Re: denied finacing

What they have done is unethical and illegal. However, in order for you to receive any type of remedy you would need to sue them. I would tell them that if they reimburse your payments and provide you with a car that is of equal value to your trade in you will not file a lawsuit against them. I had a similar situation happen to me last year, but they did not sell my trade in so I was able to cancel the deal and get my car back. Give me a call I know some strategies that will probably get you a car and some money. My toll free number is 877-546-9918. The call and consultation are free. I look forward to speaking with you.

John Hayes

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Answered on 1/03/00, 4:20 pm


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