Legal Question in Business Law in Tennessee

auto contract

my son recently purchased a truck, the interest rate was 6.99%, yesterday the dealer called and i signed more papers but he didn't tell me that the interest rate went up to 8.84%, what can i do to get out of this contract?


Asked on 8/30/07, 8:19 am

2 Answers from Attorneys
James R. Becker, Jr. Becker Law Firm

Re: auto contract

If you still want to purchase the truck, there may not be much you can do. If you do not want to purchase the truck, you should contact the dealer immediately to rescind the purchase agreement. Make the contact in writing and via some verifiable means (i.e., fax). After that, you should make a time to meet with an attorney immediately in order to go over what you have signed.

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Answered on 8/30/07, 4:42 pm
Robin Gordon Gordon Law Group, PLC

Re: auto contract

It depends on what you signed and what they told you.

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Answered on 8/30/07, 12:11 pm


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