Legal Question in Consumer Law in New Jersey

Car Leasing
I recently signed a purchase agreement to lease a vehicle with a handwritten amount of the terms. I was told to come in to 2 days later to complete transaction by meeting with Finance person to complete transaction and finalize everything. Gave me the car, I gave them trade-in. Assumed everything ok. I was called next day indicating credit problem and could not honor original offer. Payment would be $100 more. Is this a common practice to allow customer to take vehicle home with a signed purchase agreement and later indicate does not qualify for those terms based on finance co. findings. Why do they let you take possession of vehicle if credit worthiness is not confirmed at time of possession.

Asked on 2/15/08, 10:18 pm

John Corbett Corbett Law Firm LLC

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0 attorneys agreed

Re: Car Leasing

What you describe is a very common way for unscrupulous auto dealers to cheat customers. I might even be able to guess what dealer did it.

I can't guarantee to get the problem corrected in a way that will get you the deal that you thought you had, but I think I can help. Give me a call.`

See also: http://info.corbettlaw.net/lawguru.htm

Answered on 2/16/08, 12:49 am

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