Legal Question in Consumer Law in Texas

Car purchase

I purchased a new car on 1/6/05 trading in my old car. After waiting for approval of credit and being told I was approved, I signed the contract and drove off with the new car. On 1/22/05 I received a letter stating my purchase was not approved. Can they take back the new car at this point?


Asked on 1/25/05, 5:23 pm

2 Answers from Attorneys
Sharon Campbell Sharon K. Campbell

Re: Car purchase

A lot more information is needed before a clear answer can be given. If you have a signed contract, you probably have an enforceable deal. Assuming that you did not sign a conditional sale type agreement or spot delivery agreement.

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Answered on 1/25/05, 5:41 pm
Peter Bradie Bradie, Bradie & Bradie

Re: Car purchase

You'd have to read your contract very carefully, but they probably can. It's a wide-spread scam in the industry called "dehorseing". Please report it to your local Consumer Fraud division of the Attorney General's office.

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Answered on 1/25/05, 5:45 pm


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