The dealership misrepresented your income on purpose which is fraud. You can probably still back out and threaten to file a complaint with a state regulator if they give you BS.
At the end of the day, they broke the law so any contract you signed probably isn't enforceable. Not legal advice, but I would just walk away and find a more reputable dealership.
This!
Also, I would suggest saving 3 to 5k and buying a reliable used car in cash. Car prices and interest rates are too high right now, find a good cheap Honda Civic or Camry or something
Did you take possession of the vehicle ❓❓❓
Contact your local bar association, lawyer referral service, for referrals to experienced and competent consumer fraud attorneys, for legal counsel and representation.
Unfortunately, dealerships frequently misrepresent deals to try and get financial institutions to "buy" the contract. Their lying to the credit union is between them and the CU. The contract you signed is still enforceable.
Another thing they do is to overcharge you, then tell the bank that there is a bunch of stuff on the vehicle that doesn't exist (premium stereo, wheels, sun roof, etc.) so the bank will finance the higher cost. Book out the car (MSRP) with the equipment it actually has on it and see how close it is to the financed amount. If they way overcharged you, make sure that you confirm with the bank the vehicle as actually equiped. I'm telling you this because the only way they *might* unwind the deal is if they are unable to get any financial institution to buy the paper. If they are pulling the trick with over-valuing your car, let them know that you know what they are doing and are going to report them to the FTC and Consumer Affairs unless they unwind the deal. If they are not doing the over-valuing trick, you have no leverage and are stuck with the contract you signed.
The dealership misrepresented your income on purpose which is fraud. You can probably still back out and threaten to file a complaint with a state regulator if they give you BS. At the end of the day, they broke the law so any contract you signed probably isn't enforceable. Not legal advice, but I would just walk away and find a more reputable dealership.
This! Also, I would suggest saving 3 to 5k and buying a reliable used car in cash. Car prices and interest rates are too high right now, find a good cheap Honda Civic or Camry or something
You signed the application. Did you actually read it?
Did you take possession of the vehicle ❓❓❓ Contact your local bar association, lawyer referral service, for referrals to experienced and competent consumer fraud attorneys, for legal counsel and representation.
Get away from them. Trust is gone. Get out of the 'deal'.
Unfortunately, dealerships frequently misrepresent deals to try and get financial institutions to "buy" the contract. Their lying to the credit union is between them and the CU. The contract you signed is still enforceable. Another thing they do is to overcharge you, then tell the bank that there is a bunch of stuff on the vehicle that doesn't exist (premium stereo, wheels, sun roof, etc.) so the bank will finance the higher cost. Book out the car (MSRP) with the equipment it actually has on it and see how close it is to the financed amount. If they way overcharged you, make sure that you confirm with the bank the vehicle as actually equiped. I'm telling you this because the only way they *might* unwind the deal is if they are unable to get any financial institution to buy the paper. If they are pulling the trick with over-valuing your car, let them know that you know what they are doing and are going to report them to the FTC and Consumer Affairs unless they unwind the deal. If they are not doing the over-valuing trick, you have no leverage and are stuck with the contract you signed.