Legal Question in Consumer Law in Texas
contract terms
I purchased a new vehicle w/an agreed-upon 0% interest rate. One week after signing the contract & taking possession of the vehicle, the salesman called & said that they weren't supposed to offer 0% on 2008 vehicles.The best they could offer, he said, would be 5.9% & would we be willing to do that? Our contract was approved by the manager & finance manager before we signed all the papers. Are we required to change the terms agreed upon before signing?
Asked on 11/07/07, 3:42 pm
1 Answer from Attorneys
James Grissom
Law Office of James P. Grissom
Re: contract terms
No. This is financing bait ans switch prohibited by the Finance Code. If you want a new truck for free, contact me by email.
Answered on 11/07/07, 3:58 pm
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