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Recently financed a car through a small used auto lot. Was told I was financing $3000 and paid $1000 down on car advertised for $4900. Was told I was "cut a deal" since I could not put $1900 down. Found out the financed principle is $6100 not $3000. The car has several things wrong with it, all non mechanical, but car was advertised as great condition. Its a convertible and the top not only does not go down, but leaks. I was never given a copy of the contract. The only thing I signed, I was told was a application with preliminary numbers. Apparently that was my contract? Finance company says lot should give me contract, lot said finance company. Car needed gas (barely made it to a station), oil change, and 3 tires immediately leaving the lot. First tire went down in a parking lot 2 days after taking possession.
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The things you described are maintenance issues and not "bad loan" issues. If you have issues with what you signed or the terms being imposed, at this point, you will have to hire a lawyer at an hourly rate/retainer and plan on paying for several hours of legal work sorting out your issues at 300-400 dollars per hour.
Answered on Jun 06th, 2017 at 7:43 AM