|
Let me see if I'm understanding here... You traded your car for a new one. Then you had buyer's remorse and returned the new car, and they simply cancelled the loan. So you started with an Olds and $3000 of debt, and at this point you had no debt and no car. Effectively you sold your car to the dealership for $3000. Then you bought your Olds back from the dealer for $7000.
IANAL, but I think you're wasting your time with a lawsuit. You sold your car to the dealership. They owned it when you signed the papers. What happened with your deal for the new car had no bearing on that. The difference between what they paid you and what you paid to get it back is the difference between wholesale and retail pricing. When you trade a car in, the dealer gives you the wholesale price. When the dealer resells the car, they sell it for the retail price, which is always several thousand dollars higher. They weren't specifically trying to screw you, they just didn't cut you a break. As far as I know (and again I am not a lawyer), they are not obligated to. As I said, they owned your car as soon as you signed the papers.
I wonder about this lawyer, too. Shouldn't he be able to explain all of this to you? How much is he charging you? Is it someone you know well, or did you pick him out of the phone book? I'd just hate to see you get screwed a second time by some ambulance chaser.
Personally, I would just eat the costs and learn from my mistakes. You were in a pretty good position before you bought back your old car. You could have gone anywhere and made a deal. I know car shopping is a drag (believe me, I know), but in the long run it would have been worth the hassle.
And for God's sake, read <B>everything</B> you are about to affix your signature to.
|