Legal Question in Consumer Law in Georgia

The answer is the same as when you asked it on other legal sites today. Here is that answer:

Unfortunately it sounds like you messed up in how to buy a car. Signing the paperwork at a dealer does NOT mean you are financed, so you don't leave a downpayment (or trade) or leave with the car until the loan is approved. The best way to do this is for you to get preapproved at a bank, credit union or other lender in advance and THEN go car shopping. By doing it the wrong way (and sadly most people do this the wrong way, leave with a car and let the dealer seek approval later), you usually get suckered - as you either have to give the car back or have a dealer call you to sign worse terms. And you NEVER do loans with cosigners - that simply means lenders feel it's a bad loan and too unsafe to make - so the bank was saying "You are buying more car than you can afford." Many car contracts leave you liable to pay for the car IN FULL even if financing falls through, so you may HAVE to take a worse deal at this point. Pay a lawyer to review the mess you dug yourself into - it may not have a fix or it may, depending on the contract language - and the best I can say is learn from this. NEVER buy cars with cosigners, and never buy cars without preapproved financing. That means NEVER. It is often destined to go bad.