Legal Question in Consumer Law in California

I purchased a new car 5 days ago. Today, I got a call from the dealership, stating that an error had been made (in our favor) on the financing rate. They had given us a 1.9% rate rather than the (advertised) 2.9% rate. (At the dealership, our salesman had shown us the 1.9% rate, and I assumed it was due to our good credit that we had gotten that rate. Its not that he was unaware of the number written on the contract...)
Anyway, they want us to come in and rewrite the contract for the 2.9% rate - and in exchange, would give us 3 maintenance visits (ie: oil changes), worth about $90 each. The increased rate would cost us $492 more over the term of our contract, so I am inclined to say that they need to give us something equivalent in value if we are to help them save face (apparently their finance manager is new, which is how this slipped through...) I asked what would happen if we did not rewrite the contract, and he said the dealership would have to 'eat it" - though I am concerned that they do, legally (according to our contract), have the right to cancel the contract within 10 days if they are not able to contract our financing to a financial institution under terms that are agreeable to the dealership.
What are my rights here? T hanks!

Asked on 5/31/12, 8:07 pm

Armen Tashjian Law Offices of Armen M. Tashjian

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Tell them the deal is done, do not change the contract.

Answered on 6/04/12, 8:27 am

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