Legal Question in Business Law in Georgia

I purchased a used car from a dealership in June 2010. I signed a contract with payment terms. I traded in a vehicle which is still on the lot but the dealership has paid off the loan on my trade. Around the end of July, I was contacted by the dealership to come in a sign a new contract for lower payments. I did this and was again contacted by the dealership to come in a sign a new contract but need to add more money and higher payments. I don't mind keeping the car at the present rate and payment. Can they make me sign another contract? Am I on the hook for this or can I just give them back their car since it hasn't been financed in two months. Is this legal and what are my options


Asked on 8/21/10, 9:36 am

1 Answer from Attorneys
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Read your contract. You probably are stuck. One NEVER does a sale where the dealer gets financing later, as this sort of thing happens often. If you signed a normal contract, you are liable for the purchase price and are likely stuck with the financing they finally get, unless you find a beter rate on your own. You never car shop without having a preapproved financing in hand. That avoids the problem you have,

(The only way I can answer for sure is to read the contract, but my answer is correct for normal contracts for cars).

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Answered on 8/26/10, 10:10 am


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