Legal Question in Consumer Law in Texas
When you take possession of an auto but must meet conditions (income verification & references) and fail to meet the conditions and return the auto within 3 days has the sale been completed.? How does the lender complete the transction without the conditions being met? CAn I recover my downpayment?
Asked on 8/10/11, 3:16 pm
1 Answer from Attorneys
Mark Dunn
Mark D. Dunn
Sounds like a failure of consideration (thus no contract).
Read the contract you signed, and see if it says anything about the down payment.
Send a nice letter (paper letter - no phone calls, texts, or emails) to the lender and ask that your down payment be returned within ten days. Give them your mailing address. Wait ten days. Then sue them.
Answered on 8/10/11, 3:33 pm
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