Tips on Buying Cars: Financing, leasing a vehicle, luck steve

Question
I have purchased a new car. However, the dealer has contacted me and asked to come back to sign another release for title because, the first one I signed is for auto lease. I've looked over my papers and the security agreement shows the name of the bank with " auto leasing trust. Which makes me think I am now leasing a vehicle and not buying. I had to put no money down. Should I request the dealer draw up new papers that don't show lease. Or by me signing the new title for purchase be okay.

Answer
Hi,
Without seeing the documents i cannot be positive, but i believe you are leasing a vehicle, you need to bring that contract to a bank or independent loan comapny and have it looked at. I do not know what state you are in or what there laws are but you may have been sold an item on misrepresentation. Please do not wait and hopefully you can get out of this deal..good luck!!

Steve