Legal Question in Credit and Debt Law in California

car loan renegotiation by dealer

Signed a car loan contract for 4.54% with a major dealer. they call me the next day and said they made a mistake and I need to sign a new contract for 5.94% Do I go in?


Asked on 7/07/04, 12:49 am

3 Answers from Attorneys
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Re: car loan renegotiation by dealer

Tell them to take a hike. If they make noises about repossessing the car tell them you will sue. Then hire a lawyer to write them a letter on the lawyer's letterhead (this should cost a maximum of about $50).

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Answered on 7/07/04, 10:26 am
Daniel King Law Offices of Daniel King

Re: car loan renegotiation by dealer

nope!! sounds like dealer b.s. / fraud to me. if they push it, i would recommend you sue.

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Answered on 7/07/04, 12:33 pm
Jill Zimmerman Law Office of Jill Zimmerman

Re: car loan renegotiation by dealer

For once a customer of a car dealership gets the better end of a deal. They can't make you come in, so I wouldn't. If they give you trouble, I agree that sending a nice letter from an attorney might do the trick.

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Answered on 7/07/04, 12:35 pm


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