Legal Question in Consumer Law in Virginia

Car loan

I recently test drove a car from a local Honda dealership. The sticker price said 11,900 the internet price said 9980 and the business office manager wrote the contract at 9480 which i signed and put down a deposit of $2000 and financed the remainder. I received a call this morning (next business day) claiming there was an error and i need to resign at the 9980 price. Is this correct? Don't I have a binding contract at 9480 especially if the mistake was theirs?


Asked on 9/10/07, 11:33 am

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: Car loan

Yes, I would say that you have a binding contract at $9480 (unless somehow the car dealer can show that there was a mistake in the transaction so fundamental that there truly could have been no requisite meeting of the minds that is normally required of parties to a contract).

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Answered on 9/10/07, 11:59 am


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