Legal Question in Consumer Law in Florida

Re: new car purchase

It depends on what your contract says. You cannot trust what soemone says a contract says; you must read the contract.

Look to see if there is a prepayment penalty. There probably is not. If that is the case, you can get the new loan, use it to pay off the first loan.

Re: new car purchase

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.

Once you buy a car, it is yours. There is no right to return the car once it leaves the lot. Car salesman often resort to puffing to make a deal. The only thing you can try to do now is to be able to refinance the loan for the purchase of your car at more favorable rates.

Scott R. Jay, Esq.