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| I recently purchased a 2003 acura rsx from a local used car dealership in NH ( i live in Mass). I signed all the paperwork with 1500 down on the car. The following week I received a phone call saying that the bank forgot to include the sales tax and that i have to cover this. I paid for my sales tax, now theyre saying that i need to pay another 1000 dollars because the bank changed everything. is this even legal or can I refuse to sign the new contract without them repossesing my vehicle. They basically told me that if I dont pay the 1000 more I would lose the car. what kind of attorney would i contact for this? this sounds highly illegal to me, what theyre trying to say is the bank changed their mind and that something i gave them (an up to date pay stub) was not valid and that they need another one (this weeks, they have a copy of last weeks) on top of the bank re-did the contract and i need to sign the new contract and pay them a 1000 on top of the 3k ive already paid to date |
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| You do have rights in this case. You entered the contract with the finance company and signed to put so much down, bla bla bla. The dealership shouldn't be calling you. Usually the tax, title and registration fees goes directly into your loan. You may want to discuss your options with an attorney or perhaps another dealership in town to get their take on it. Explain to them what's happened and ask what you can do |
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| Sounds like the dealership is not requiring you to do these things, it's the finance company. They're asking you to do these things before they fund your loan (before they pay the dealership for your car). Believe me, the dealer WANTS your sale and they're doing all they can to get the bank to pay them for the car. If you don't agree with the extra terms, they do have the right to reject your loan and the dealer can take your car back because the bank hasn't bought the car for you yet. Right now, it seems that your loan is in limbo... finance companies are getting tighter with loans with this economy.And hire an attorney for what?... The bank has requirements for extending loans, if you can't or won't agree you don't get their money... it's just how it works. |
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