eku_student_2012

Purchased a car and was asked to return it 2 weeks later

4 posts in this topic

In June of 2012 I purchased a vehicle from a large dealership in my area. I signed all of the paperwork and as far as I knew everything was done. Two weeks after owning the vehicle the dealership called and told me to return the car because the finance company backed out of the deal! Prior to calling me to inform me of what was going on, they ran my credit several times to other finance companies. I was in the process of reestablishing my credit and would not have allowed them to keep running my credit. I returned the car and got my down payment of $3000 back. Is there anything I can do? My credit took about a 50 point hit from them running it so much. How was a deal done and then undone?

Share this post


Link to post
Share on other sites

I returned it because I wasn't sure of my rights. They never told me the sale was contingent on a loan approval. The paperwork I signed had the finance company's name, my finance rate, and monthly payments. They told me it was approved.

Share this post


Link to post
Share on other sites

I purchased a car in June 2012 and they took the car back from me in September 2012, stated they did not have a loan but I had the same situation and I do not know where to turn and they have not giving my down payment back or payment for my tag and insurance. If you find help let me know.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now