Legal Question in Business Law in Florida

My granddaughter's dad purchased a car for her and he can't afford it. They told him on the phone he qualified for a loan and his payments could be at the limit he told them of $300. He couldn't afford this either. His payments are over $400. and Capital One agreed to finance it at 16.9% for 6 yrs. They lied to get him in there and sold him something they knew he could afford. He has a bad credit score too. Is this fraud. He tried on the next business day to talk with them and they said there was nothing they could do. I see them as liars and this seems like fraud. Not sure.

Asked on 5/22/13, 10:24 am

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Not fraud if he signed it and it stated the terms. It's his responsibility to read full contract and not sign what he did not agree to.

Answered on 5/28/13, 8:44 pm

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