So I just bought my first car...

[isthisused]

I would return the vehical and demand they return my trade in. I would not want them to proffit 1 dime from me.

[mommyof4]

I just asked my hubby, the lawyer, about this situation. He said that it depends on what is written in the original contract that was signed. Some contracts do state that the terms can be changed upon further investigation into the person's financial situation, and this is becoming more common among many lenders.

[whitestripe]

i am eager to find out what happened!!!???

[disneysteve]

Originally Posted by mommyof4

I just asked my hubby, the lawyer, about this situation. He said that it depends on what is written in the original contract that was signed. Some contracts do state that the terms can be changed upon further investigation into the person's financial situation, and this is becoming more common among many lenders.

If that's the case, which is still pretty sleazy IMO, the contract should also clearly state that any trade-in must be returned if the customer does not agree with the new terms. If a deal cannot be reached, the customer should be able to walk away as if the whole mess never happened.

[tripods68]

Originally Posted by disneysteve

If that's the case, which is still pretty sleazy IMO, the contract should also clearly state that any trade-in must be returned if the customer does not agree with the new terms. If a deal cannot be reached, the customer should be able to walk away as if the whole mess never happened.

This is exactly what happen in my case. I was angry at first, but at the same, they wanted my business. I have been driving our new 03 Murano 03 for about 4 days when I got the call back from the dealer. Fortunately, they did agreed to lower the price to reflect higher interest cost. If I didn't agree with the new terms I would have walk-a-way.