Any laws regarding new car sales?
Okay - About 3 years ago I traded in my Oldsmobile Intrigue for a Mitsubishi Eclipse. My finance went well but that night when I looked at the papers I noticed the monthly car payments were jacked up higher then we agreed upon. I did sign the papers, however - which sucks and took the new car home.
So the next day, after spotting this and thinking about it for a few mins, I immediately ran to my bank where where my previous car, the Oldsmobile, was financed through. They told me that if the Mitsubishi dealers would agree they could cancel the loan since my Oldsmobile was not paid off by the dealership yet and technically it's still mine. According to the bank this usually happens after 24 hours of the purchase of a new car.
I wanted to take the Eclipse back is what it came down to. So, they did take it back the following day and sold me my car back. I know I got screwed - as some of you shake your head now. Anyway, I paid extra to get my Oldsmobile back from them and paid for more than what they gave me the trade in value as.
At the time of trade in I owed only around 3000 on it. When I bought it back they turned back up to 7000. 4000 dollar difference and I know I'm dumb.
I am currently in a lawsuit with the dealership because they screwed me in many ways. They jacked up the Oldsmobile price to get it back (which I needed a car at that time for work and didn't feel I should have to car shop at this time), added an extended warranty (which I found is illegal if I didn't want it - which I refused but still had to pay according to the dealers), but we did make the exchange and I was left with my Oldsmobile and more money to pay off to them.
So! this all happened under 24 hours believe it not. Am I protected by any laws that would guarantee my rights to return a car in 24 hrs or am I screwed? My attorney says I have a chance to get some of this money back (the money I am currently paying extra because I got my old car back (4000 dollar differnce) - the olds - and they jacked the price up again when I rebought) but do you guys think the same? We go to court this Nov after the date being pushed back many times - and we're in front of a jury of peers.
Car salesmen are dirty and I know lawyers are the same way - but I already paid my lawyer his fees since he helped me in many ways by writing a letter to the Eclipse dealer and waiving the car payments for the Eclipse as their bank was trying to keep me paying on it when I didn't even have the car anymore. Do I have a case here or not? Should I expect to win or not - remember it's in front of a jury of peers who may or may not side with car dealers - but probably despise them as any other.
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