I attempted to purchase a 06 Kia fro
ma dealership with which we came
to agreement and I placed a 6,000k
down-payment on. I knowingly
expressed and knew I had past credit
issues and informed them of this;
which I was assured that with my
large down-payment they could
100% get me financed. 2 Months
have passed and I'm now being
informed from the dealership that
they were unable to get the car
financed; they have tried bribing me
that ''if I could come up with an
additional 2k to put down'' they
could get it financed as well as
threats that being that they can't
get it financed they will report it
Is this even possible? I did read the
contract the best I was able and only
found an addendum that stated that
within 14 days of signing the
contract that if they weren't able to
find a bank to finance then they
could request the car be returned.
It's been well over 14 days! Do they
not have obligation to honor the
Any help would be wonderfully great.
2 Answers from Attorneys
Re: Contract Laws
NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.
Without reviewing the agreement which you base your argument on, it is impossible to give any advice about this situation. It appears that this instrument may be controlling on this issue and you should meet with an attorney to review and advise you of your legal rights and obligations.
Scott R. Jay, Esq.
Re: Contract Laws
I have previously responded to this. You need to have a lawyer review the contracts that you signed. Your rights will be governed by that document. Without the contract to review, any advice you get will be a shot in the dark.
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