Legal Question in Consumer Law in Oregon

Re: car buying

You are probably out of luck. The web site of the Oregon Attorney General says:

In Oregon, you can take a new or used car home before financing is approved. This practice is called “spot delivery” and is designed to “lock you in” to a purchase. There is no “3-day right of rescission” for a car purchase or lease, even if you do not yet have final approval of financing. However, if you cannot get financed at the exact same terms as those for which you signed an agreement with the dealer, you must bring the car back to the dealer and the dealer must give you back your trade-in vehicle and down payment. If the dealer cannot proceed on the original terms you agreed upon, you have an absolute right to walk away from the deal. The dealer may charge you for wear and tear and mileage. You may re-negotiate the deal with the dealer, but at this point in time, you also have the option of walking away and looking at a different vehicle or going to a different dealer. See ORS 646.877.