Legal Question in Banking Law in Iowa
I purchased a vehicle earlier in the month and now the dealership says thast the bank withdrew their original offer and want to finance me at a considerably higher interest rate? How can they do this since I the contract was already signed by the dealership and myself, and was told i was the proud owner?
Asked on 9/23/09, 7:48 pm
1 Answer from Attorneys
Robert Luedeman
solo practitioner
I am sure you will find that the contract has a contingency clause for just such eventualities. You have the option of returning the car.
Answered on 9/24/09, 10:06 pm
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