Legal Question in Consumer Law in California

Purchasing a vehicle

I recently went to a car dealer and they sold us a vehicle. They preapproved us and later found out that we didn't qualify because of some delinquincies on my credit report. They had us sign a 11% agreement then changed it to 14%. It seems they are yet not able to finance us. Do we legally have to agree to the higher interest rates due to my bad credit. I feel obligated to keep the car. I know I can't afford it and don't feel it's fair to pay such high prices for my credit history. I don't know what my legal options are. Please hurry. I need to let them know by Saturday, July 21. This has been going on since June 21.


Asked on 7/20/01, 4:11 pm

1 Answer from Attorneys
Ken Koury Kenneth P. Koury, Esq.

Re: Purchasing a vehicle

No one can answer this without reading the contract

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Answered on 7/21/01, 1:02 pm


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