Car lender is taking the car back because I'm a temp worker & the dealer can't do anything to
I just recently got a car from Honda. A 2008 Honda accord & they told me to put $250 down to get the car. I have only had it for 2 weeks. The bank wants the car because i'm a temporary worker through an agency. My car dealer knows that i'm because i told him & my paycheck stubs say the service name. I had a car i traded they can't sell me it back or are making me sign a finance paper for 3 years & i only had 1 year left. Now they are forcing me to get a car with a lot of miles & bad breaks & its a 2006 Toyota Corolla. They didn't pay attention to detail as they sold me it now if i don't take a car I'm car less. Should i sue the dealership for financing me a car & not paying or just go ahead and do a lease for a car?
Frau
It's doubtful you could qualify for a lease without permanent, full time employment. No, you can't sue the dealer. The whole transaction is based on approved financing, which you didn't qualify for. This isn't the dealer denying the loan, it's the bank.
You don't know what you are talking about.
They owe you your old car back if the deal falls thru.
The bank did not approve you for the car you have, the Honda. The dealer is trying to re-work the deal and thus, the Corolla. You are in no position to take on this debt. You need to buy a car for cash.
The bank is refusing you. Why they first accepted you, is not because you are a temp. Worker. There are many temp workers that work for the hospital, and they get paid a lot. If your car is still on the lot, then I can't see a problem, even if you have to pay more for it. (what they pay for it is always lower than when they sell it.) That is how they work. So you will not get it for the same price, you will have to pay more.
. Is it worth that or is the Toyota better?
What actually happened is the dealer did not meet the requirements of the lender and they refused to fund the deal.
This happens a lot when dealers try to pull the wool over their lenders eyes.
The dealer owes you either your trade in back or the amount of money they showed on the contract/purchase order for trade in value.
This is nobody's fault except the dealers.
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