Is a contract with a car dealership binding?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Is a contract with a car dealership binding?
I purchased a new vehicle about a month ago. My signed contract shows the dealership was going to pay $16,520 pay off on my trade in. I advised the finance manager that my payment was due and had already been sent. He stated it would be returned to me once their payment was received by the financing company. My payment posted with the finance company; when I contacted them they advised they had not received payment from the dealership and once received I would receive a refund (if due within 30 business days). Today I received a check for $7.99 from the finance company. The dealership only paid $16,000 on pay off after it was due. Is the contract binding and the dealership is liable to reimburse my $520?
Asked on May 4, 2012 under General Practice, Arkansas
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
From what you have written with respect to the new vehicle that you purchased from the auto dealership where you traded in your old car, whatever was written in the written agreement would be binding between you and the dealership under the laws of your state.
From what you have written, it seems as though you are owed a certain sum of money from the car dealership under the written contract that you have written about and you are still owed $520.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.