What to do if I bought a car 2 days ago and never saw the actual MSRP until I arraived at home?

The MSRP was not shown to me instead a bogus inflated msrp was used to negotiate the deal. Which I found out when I arrived at home about 10 pm. I was very upset that the dealer withheld the MSRP from me during the negotiation. I emailed and when back to the dealer next morning to plead my case and they would not renegotiate the deal with me. I had made a $10,000 deposit which I stopped payment until this matter is resolve. The dealer has stated that they will press charges for the stop payment on the check. The questions are what rights do I have since the MSRP wasn’t shown to me? and the consequences for me stopping payment on check?

Asked on January 18, 2013 under General Practice, New Jersey

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 7 years ago | Contributor

There is no right to see the MSRP, and no legal liability to the dealer for not showing it to you. A seller's only obligation is to be honest in regards to the price you are paying and the product/services/features you are getting for that price; there is no obligation to provide comparative prices, such as MSRP. Therefore, if you received the car you negotiated to buy, and are being charged the price you agreed to pay (no hidden charges, after-the-fact charges, etc.), the dealer complied with its obligations; therefore, you have to comply with yours. If you do not--such as by stopping payment on a check--you could certainly be sued by the dealer and, in some situations, could face criminal liability (there are circumstances under which a dishonored or stopped check is a crime). From what you write, you seem to be obligated to go through with the sale. For future  reference, it is important to research MSRP and other price  benchmarks ahead of time, and to not rely on disclosure from the dealer.


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