Hello, I bought a used truck for Manly Honda in Santa Rosa, Ca a month ago..I put $10,000 down and they cashed our checks we gave them. I signed all paper work for the financing the day we bought it. Now they are telling me they need the truck back because they cant find financing for it because I don't have perfect credit..The man who did the paper work said nothing about if he cant get financing that this would happen. I bought this truck for my business. I own a small trucking business. Can they do this? or do I need to get a lawyer???
Hi Angelo,
It sounds to me from your description that the dealership probably realized that they errored and they trying to unwind the transaction after the fact. Typically a dealership is not going to allow a transaction based on financing to go through until the customer is approved. Given the fact that you paid for the truck and put down money I don't see how they are in a position to set the deal aside.
My opinion might change after reviewing the paperwork, but my initial inclination, based upon what you have shared, is that the dealer does not have the ability to break the deal.
Thanks,Jon
Consumers can use this platform to pose legal questions to real lawyers and receive free insights.
Participating legal professionals get the opportunity to speak directly with people who may need their services, as well as enhance their standing in the Lawyers.com community.