Legal Question in Consumer Law in California

Dealer Changes In Vehicle Contract

I purchased a new vehicle at a set interest rate, signed all docs and took delivery of the vehicle.

I received a call 2 days later stating that the dealer could not get me financed at the rate on the contract. I was instructed to come back and sign a new contract at a higher interest rate.

If I refuse to sign a new contract are they obligated to honor the signed agreement?


Asked on 12/01/06, 11:22 pm

1 Answer from Attorneys
Robert F. Cohen Law Office of Robert F. Cohen

Re: Dealer Changes In Vehicle Contract

If your agreement was contingent on their obtaining financing for you, they might require you to return the car. You can attempt to get financing on your own through a credit union, typical bank, or other source. You're not required to sign a new agreement, however.

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Answered on 12/02/06, 12:12 am


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