Legal Question in Consumer Law in Illinois

Without seeing the paperwork, this is impossible to answer. However, what it sounds like is that they were disclosing to you, as required by law, the finance charges you will owe and once you add that to the car price (plus tax, license, registration and the other requirements) it could very well add up to $22,000.00. If they gave you the bum's rush through the sale process, you had a legal right to rescind, but the time period appears to have elapsed. Most dealers will try to sell you on their available finance plans, because they are more advantageous to them -- higher interest rates to you -- and while they can't get kick-backs they can get some economic benefits from them. What people are catching onto is to get a car loan ahead of time, on the best terms available to you, and bring the check to the dealer. If the dealer won't consider rescission at this time, your only options may be filing a complaint with the Illinois Attorney General or getting a better loan to pay this one off with. If the above doesn't seem to explain what happened, what does not make much sense is why you would not have reviewed the paperwork at the dealer to question the price, because all you say is you "got the impression" it was lower, but do not indicate how you got that impression; for all we can tell you misunderstood the price.

The response given is not intended to create, nor does it create an ongoing duty to respond to questions. The response does not form an attorney-client relationship, nor is it intended to be anything other than the educated opinion of the author. It should not be relied upon as legal advice. The response given is based upon the limited facts provided by the person asking the question. To the extent additional or different facts exist, the response might possibly change. Attorney is currently licensed to practice law actively only in the State of Illinois, inactively in Florida. Responses are based solely on Illinois law unless stated otherwise.