QuestionI am in a similar situation with another person you have answered here. I live in Northern California, and just purchased a 2005 Pontiac from a Toyota dealer in Davis CA. I bought the car on Sept. 05, 2008. The dealer contacted me a couple of weeks later and asked if I could pay off the 2 existing car loans that I had. I said yes, but wouldn't be able to cover the $3000 check they were holding for my downpayment. They told me to pay off both existing car loans, and that I could get a better loan with only $1500 down. I did this, and sent them proof of the payoffs. They called and told me everything was a done deal, and needed me to sign a new contract with less down. I agreed, and so they sent one of their sales guys to my job so I could sign. A couple of weeks later, I received a phone call from Americredit welcoming me, and explaining to me that I would be receiving paper work and my payment would be due on Oct. 30, 2008. Well, I never received any paperwork, so I phoned Americredit and was told I had no loan with them because there was a problem with a signature on the contract so they sent it back to the dealer to be fixed but never got it back and so my loan had "expired"? I notified the dealer, and needless to say they acted shocked. They now want this car back 2 months after signing the first contract and driving it home. 1 month after signing the second contract. They claim they cannot find me financing now? My issue is that I have replaced the rear bumper that was damaged when I bought the car ($2000), and done some performance/appearance upgrades ie: exhaust system, tint, tune ($2800) plus the my downpayment of ($1500). I have out of my pocket around $6000 plus for a car I thought was mine! The dealer says they wont take a payment for the car as they do not do in house financing. I cant find myself a lender because of my credit situation. Don't they only have 10 days to cancel this contract? What rights do I have to this car if any now? What about all of the money I have invested in this car now? Please help me here..... I have the car locked in my garage at the moment for fear they will try to repossess it before I can try to get them to repay me for all that I have spent on this car. Thanks for any words, Jay :)
AnswerHi Jason
Here is a link on my website http://www.usedcartips.org/installment.html that will explain your in the rights and don't have to return car, your luck being in CA it's written just for you.
If you click on the lawyer firm there is a place where you can get a free answer to your problem.
What has happened to you happens every day, I really would appreciate a follow up from you with final outcome, will you post it on my website thanks.
Ray
PS... You got a few choices " contact the writer " or send the dealer a link to my website telling them your ready to contact this firm unless a settlement is reached, " your choice "
