Legal Question in Consumer Law in Illinois

Auto purchase agreement co-signer

I was in the process of buying a new car from a dealership. Since I dont have a credit score yet, I asked a friend to co sign for me. My friend lives on another state and the dealer will just mail the contract to her, so the dealer handed me the contract and had me signed under the co-signer portion (since my friend would be the main signer according to them). I signed the contract with the agreed APR. The next day,I went to the dealership to check if I could take the car home. The dealer told me that the APR changed and they want me to sign a new contract with the new High APR. I refused to sign the contract and demanded a refund on the downpayment that I gave since they have not sent the contract yet to my friend. Can I get the full downpayment that I gave? Will I be liable for anything since i signed the contract (although it is a joint contract) ?


Asked on 6/25/08, 8:38 pm

1 Answer from Attorneys
Thomas Moens Moens Law Offices, Chartered

Re: Auto purchase agreement co-signer

This is a typical car dealer trick. If they are claiming that the contract you signed is not valid, you should be able to get your money back. I would recommend doing so, and then going to a different dealer.

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Answered on 6/26/08, 10:56 am


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