Legal Question in Credit and Debt Law in Florida

Contract Binding on Auto Dealer?

One month ago, I purchased a vehicle from an auto dealer. Financing was done through the dealer. All paperwork, contract, etc has been signed. This was a vehicle that I had leased through the dealer, and purchased at the end of the lease. Today, I received a call from the dealer saying that he made a mistake on the contract. I purchased the vehicle with financing at 8%. Now he says that he can only offer me 9% and that I have to come in and sign new loan papers. Can they do that? I thought that contracts were binding on both parties? Thank you for your suggestions.


Asked on 5/05/98, 1:48 pm

1 Answer from Attorneys
Stuart Williams

If you refuse you might have no car loan AND

I think you'll be able to get out of the auto purchase if you want.

But I'm not 100% certain without seeing the documents.

This message is provided to assist you in structuring your thoughts when you speak with an attorney about your situation. I am not your attorney, and you are not my client, so this is not legal advice. Legal advice can only be given after a careful interview of the client by the attorney, and I have not had the opportunity to understand the significant issues that I must understand to render legal advice. You should contact an attorney in your state to discuss your situation. That attorney can give you the advice that your situation deserves, after carefully considering the issues that are legally significant in your situation.

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Answered on 5/23/98, 10:40 pm


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