Legal Question in Consumer Law in Ohio

Car Financing Problem

I purchased a vehicle on 5/30/05 and after I got home I noticed that the price of the vehicle was considered as the loan on the vehicle in addition to what I put down. For instance I negotiated a price of $15,800 out the door. However, I noticed in the paperwork that the amount of the loan is $15,800 plus my $1600 down payment. I would really like to either return this car or get the dealer to fix this ''mistake'' since this is not the price I had negotiated. I read my contract and it states: ''If the Purchaser fails to perform the Purchaser's obligation the Dealer shall be permitted to retain an amount equal to any actual damages the Dealer incurred due to the Purchaser's default.'' So basically how do I get them to either fix their paperwork or what ''actual damages'' might I be responsible for if I decide to default on the contract?


Asked on 5/30/05, 5:14 pm

1 Answer from Attorneys

Joseph Jacobs Jacobs & Lowder

Re: Car Financing Problem

DO it today - you have three days from the date of purchase to take it back! (If it wasn't a lease)

Joe Jacobs

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Answered on 6/01/05, 11:43 am


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