Legal Question in Real Estate Law in Virginia

I bought a car with an interest of 1.72%. They cal me 3 days later and told me my car was to new to qualify for that porcentage rate and I have to go and re do the contract with a higher porcentage rate. can they do that. Do I have to sign a new contract with a higher rate?


Asked on 5/31/11, 10:22 am

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

No, but if you don't it will likely be more trouble that it's worth, i.e., your efforts to retain the original APR of interest.

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Answered on 5/31/11, 7:08 pm


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