Legal Question in Product Liability in Nevada

am buying a car. i was asked to pay $2500 down on july 14,2011. my payments are going to be $480 a month. i got a call from the dealer on july 25, 2011 now asking me to put an additional $780 down and my payments will drop to $380. and they want me to sign a new contract. what shou;d i be looking for as this seems kind of fishy.


Asked on 7/26/11, 5:55 am

1 Answer from Attorneys
James Smith James E. Smith Ltd.

The dealer may or may not be up to something fishy. It may be a case where the lender on the car wants more of a downpayment to have more equity in the car. However, if you have a written contract you and the dealer both have to agree to modify it. Otherwise you are both stuck with the deal. If lower monthly payments are good for you and you can afford the extra down payment just make sure you get a new contract that does not change any other terms.

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Answered on 7/26/11, 6:16 am


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