More details to this question:
I recently entered into a contract to purchase a used vehicle, except I did not have a traditional down payment because it was deferred and broken up into 5 separate payments with the first payment given at signing. I have 2 deferred payments remaining and no longer want the vehicle as it does not fit my family travel needs. This is in addition to the price of the vehicle being raised after we reached the car lot and the monthly payments were doubled with the length of the loan shortened. Being that I am still making payments towards the down payment, can I return the vehicle and get my money back, minus mileage?
1 ANSWER
Consumer Debt Collector Harassment & Abuse Attorney serving Tampa, FL
Partner at
Tischhauser Law Group
2 Awards
Not likely. You made the deal so thats the deal. If you default on the down payment payments, you will likely end up with a reposesion on your record and possibly a lawsuit for whats called a deficiceny balance.
Answered on Aug 30th, 2019 at 9:09 AM
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