Legal Question in Business Law in Texas

Car dealer

If a car dealer falsafies records ( check stub ) to get you approved for a car loan and the bank finds out and revokes the loan..Legaly what should happen..The car is in my possession i sighned papers with the dealer and gave my downpayment in cash and have a reciept..I told the car lot that i was 1099 employee and my boss verifyed my employment but they falsified a paycheck stub because they said it would be less hassle.....Now the loan has been pulled and i am being asked to return the vehicle...The car lot is saying that i cant be financed now so i have to get a vehicle worth the downpayment i put down ($2000) instead of my 2003 honda odyssey that they told me i was approved for and am already driving have signed papers with the dealer??????????? So what do i do legally where do i stand


Asked on 5/07/07, 5:38 pm

2 Answers from Attorneys
James Grissom Law Office of James P. Grissom

Re: Car dealer

If you participated in the fraud, you are equally at fault. If you didn't and can prove it, you have a case against the dealer for their fraud. Better see a lawyer soon.

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Answered on 5/07/07, 5:54 pm
Bobby Warren Patel & Warren, PLLC

Re: Car dealer

I have to agree with James. Your case centers primarily around whether you knew or should have known that the dealership was falsifying your income information for the purposes of qualifying you for financing that you would not be able to obtain otherwise.

You really need to consult a lawyer one way or another.

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Answered on 5/07/07, 6:39 pm


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