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kimmytr · 10-14-2003, 04:34 PM

Here is the whole story

A couple of weeks ago, on Saturday, my wife signed a contract to buy a new car ( Pontiac Grand Prix GTP) from a local dealer ( Cleveland,OH). It is to be pick up on the following Monday.
Well, early that Monday at work, the company (GE) annouced that there will be cutting 30% of the workforce ( lighting business not doing too well!). and she may or may not be included in that group, depending how many people will retire. Not knowing how it is going to turn out, she called the dealer in inform them that she cannot afford the car at this time and ask them to cancel the transaction.The dealer's manager called back and talk to her boss to verify her story and her boss confirm it.
End of the story, right????

Well, yesterday, She received the bank payment coupons along with the white title. Apparently, the dealer just ignored her plea and send the paperwork through. She called the bank ( Chase ) to explain the situation and were told the dealer have to call them if she want to cancel. She called the dealer and were told it out of their hand and gave her the runaround.

I did some research, and to my surprise, there is no such thing as a 3 days cooling period. I called a lawyer and were confirmed that was the case and did not want to take the case but advised me to just ignore them and the worst it could happen is the bank will give her bad credit report ( They couldn'd reposess the car since it is still at the dealer )

So, what could happens ( worst case scenario? ) and what should I do? Please! somebody point me in the right direction!!!

Thand you in advance for all your help!!!

10-14-2003, 04:34 PM	#1 (permalink)
kimmytr Upright	Any lawyer in the house??? Here is the whole story A couple of weeks ago, on Saturday, my wife signed a contract to buy a new car ( Pontiac Grand Prix GTP) from a local dealer ( Cleveland,OH). It is to be pick up on the following Monday. Well, early that Monday at work, the company (GE) annouced that there will be cutting 30% of the workforce ( lighting business not doing too well!). and she may or may not be included in that group, depending how many people will retire. Not knowing how it is going to turn out, she called the dealer in inform them that she cannot afford the car at this time and ask them to cancel the transaction.The dealer's manager called back and talk to her boss to verify her story and her boss confirm it. End of the story, right???? Well, yesterday, She received the bank payment coupons along with the white title. Apparently, the dealer just ignored her plea and send the paperwork through. She called the bank ( Chase ) to explain the situation and were told the dealer have to call them if she want to cancel. She called the dealer and were told it out of their hand and gave her the runaround. I did some research, and to my surprise, there is no such thing as a 3 days cooling period. I called a lawyer and were confirmed that was the case and did not want to take the case but advised me to just ignore them and the worst it could happen is the bank will give her bad credit report ( They couldn'd reposess the car since it is still at the dealer ) So, what could happens ( worst case scenario? ) and what should I do? Please! somebody point me in the right direction!!! Thand you in advance for all your help!!!