Legal Question in Business Law in Texas
Automobile Purchase Law
Are you legally bound to take a car if you did not get the funding that you were looking for? The dealer found funding but not at the interest rate I requested. I was unable to get my funding and told them if they would beat 5.4% I would take their funding. I have not signed loan papers, have not taken possession of the auto and now want out of the deal because they have treated me so bad. They also misdated all the paperwork to the day I first test drove it. They also sold my car and are telling me I have to take their auto because I signed an intent to purchase.
Can you please help me?
Thank you
1 Answer from Attorneys
Re: Automobile Purchase Law
I can't help you, because I have absolutely no idea what you had signed; what they call an intent to purchase.
I suggest you contact you local Attorney General's office, Consumer Fraud Division, and report the situation.
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