Legal Question in Consumer Law in Texas
Installment Contract
My daughter wanted an atv. She used me as a cosigner. We signed the papers, and took delivery of the atv. The contract states number of payments, payment amount and 0 down payment. Now the salesman is calling saying that she was supposed to put money down and wants to resign papers. Also the lending company has sent letters saying that credit could not be extended to us at this time, yet we have a signed installment contract and possesion of the atv. Are we good and the dealership just made a bad mistake on their part or will we have to give the atv back and cancel our contract?
2 Answers from Attorneys
Re: Installment Contract
If your contract is signed and complete, then you have a binding contract. Complain to the Texas Attorney General and the Texas Department of Transportation Auto Dealers Enforcement Division. Send a copy of the complaint letter to the dealer.
Re: Installment Contract
Be sure that the contract is not contingent on the lender's approval. Is the contract signed by the lender or did the seller agree to the financing?
Related Questions & Answers
-
Home appraisal Can I sue my home appraiser? We were trying to get our home... Asked 8/03/08, 6:35 pm in United States Texas Consumer Law
-
Moving company the moving company we just used refuses to give us their insurance... Asked 7/28/08, 12:29 pm in United States Texas Consumer Law
-
Purchasing overseas products A group of girls that I work with purchased handbags... Asked 7/28/08, 10:39 am in United States Texas Consumer Law