What do you do when a car dealership lied to you?

You might be tempted to contact the salesperson to address the issue. Don’t do that! If he or she lied to you once, they will likely lie again. Instead, contact a knowledgeable attorney that will assess your case for free and then, if your case is viable, represent you in your case for no out of pocket cost to you.

Are spot deliveries illegal?

Yo-Yo/Spot Delivery. Regardless of the euphemism, such forms and provisions are flatly illegal; contrary to TILA, the FCRA, the ECOA, UDAP and in many cases result in actual theft.

Can a dealer back out of a deal?

If you buy a car that is financed through the dealership, the dealer CAN cancel the contract, but only if it notifies you within 10 days of the date on the purchase contract. This type of financing is sometimes called a “spot delivery.” It is based on the language of the purchase contract.

What is a yoyo sale?

The “Yo-Yo” Sale happens when the buyer gets a call from the dealership claiming that the financing for the vehicle has fallen through and that the lender requires a change to the purchase agreement such as a co-signor, a larger down payment, a higher interest rate, a change in the length of the loan, the removal of a …

Can a buyer Sue a car dealer for defective condition?

Car buyers have a claim against a car dealership when the true condition of the car purchased was not revealed during the transaction. Car buyers have the right to know the truth about the vehicle that they purchase. A car dealer who covers up or misleads a buyer about the defective condition of a vehicle is engaged in fraud.

What happens if a consumer refuses to pay for a car?

You will not have acquired good title to the car and the consumer is entitled to exercise their right to reject the vehicle and reclaim the purchase price from you. The consumer may, in certain circumstances, instead decide to keep the car. You could then find yourself liable to the finance company who provided the hire purchase agreement.

What happens when you sell a car to a consumer?

You then sell the car to a consumer. You will not have acquired good title to the car and the consumer is entitled to exercise their right to reject the vehicle and reclaim the purchase price from you. The consumer may, in certain circumstances, instead decide to keep the car.

Can a buyer reject a car under the Consumer Rights Act?

The Consumer Rights Act cannot be used to reject a car if you’ve simply changed your mind about buying it, either. What other legal rights do I have? The Consumer Protection from Unfair Trading Regulations 2008 makes it illegal for traders to engage in unfair business practices, such as giving false or insufficient information about a car.