Legal Question in Business Law in Georgia

Your husband has learned an expensive lesson. Next time he should read what he signs. He just agreed to overpay for a car. There's no legal issue. He's stuck. People are bound by what they sign.

Your husband agreed to pay $7,000 by signing the contract that clearly stated that was the sale price. The contract also will likely say that any other representations don't matter. There is no problem for the dealer to fix, since the problem is not reading contracts before signing.

I agree that he is going to be bound by what he signs. However, take a close look at the terms of the contract. the $8,000 amount may be referencing the total payments he would make over the life of the loan. The exact terms are usually written in down the left side, including the price of the car, tag and title fees, down payment, financed amount, etc. These things can be difficult to decipher at times. But something tells me that, if he paid $800 down and was approved for $7000 in financing, that they would have wanted more money from him at the purchase if the price was more than the financing and down payment.

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