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Dealer Wants Car Back - Wants More Money Gettysburg PA

When you sign a contract to buy with a loan, or to lease, the dealer attempts to find a finance company or bank that will approve you under the terms you agreed to in your contract. Somewhere in your contract or in a separate document, often called a bailment agreement, this condition is spelled.

G and D Sales and Service
(717) 334-1167
2025 Chambersburg Road
Gettysburg, PA
Services
Oil Change and Lube,AC and Heating Repair,Radiator Repair,Retail Tire,Tune up Repair,Auto Dealers

Meadowbrook Auto Sales
(717) 632-9600
875 Abbottstown Pike
Hanover, PA

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Holberts Volkswagon
(215) 343-1600
1670 Easton Rd.
Warrington, PA
Services
Auto Body Repair,Auto Repair,Clutch Repair,Used Car Dealers,Auto Dealers

Faulkner Oldsmobile Inc
(610) 867-4177
298 Stoke Park Road
Bethlehem, PA
Services
Fuel Injection Repair,Radiator Repair,Truck Auto Body,Tune up Repair,Van Dealers,Auto Dealers

Fiore Motors Inc
(610) 275-9776
69 W Germantown Pike
Norristown, PA
Services
Auto Body Repair,Auto Inspection,Auto Repair,Used Car Dealers,Auto Dealers

Hi-Lo Auto Sales Inc
(717) 630-9585
1100 Carlisle St
Hanover, PA

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Roberts Auto Mall
(610) 269-8200
19 Park Lane
Downingtown, PA
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Used Car Dealers,Auto Dealers

Sherwood Groves Auto Group
(570) 265-2107
Rr 6 Box 6030
Towanda, PA
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,Truck Auto Body,Tune up Repair,Used Car Dealers,Auto Dealers

Peruzzi Pontiac Buick GMC Sales and Service
(215) 943-6000
165 Lincoln Highway
Fairless Hills, PA
Services
Clutch Repair,Radiator Repair,Retail Tire,Tune up Repair,Truck Dealers,Auto Dealers

Brenner Nissan
(717) 697-8400
6271 Carlisle Pike
Mechanicsburg, PA
Services
Radiator Repair,Tune up Repair,Auto Dealers

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Dealer Wants Car Back - Wants More Money

It happens every day. You buy or lease a car from a dealer. He calls you a few days or a couple of weeks later and wants his car back, or asks you to sign a new contract with higher payments. Is this a scam? Is it legal?

First, let's understand some fundamentals of car financing. Car dealers don't finance or lease cars. When you sign a contract to buy with a loan, or to lease, the dealer attempts to find a finance company or bank that will approve you under the terms you agreed to in your contract. Somewhere in your contract or in a separate document, often called a bailment agreement, this condition is spelled out.

Essentially, it says that you agree to let the dealer arrange your car financing on your behalf, and that, if he can't find a finance company or bank to approve you and accept your loan or lease, then the deal isn't final. In this case, you will either be asked to return your car, get a co-signer, or sign a new contract for new terms that are acceptable to a finance company the dealer has contacted. Most likely, the option to return your vehicle won't be mentioned because the dealer does not want to lose this deal.

This is perfectly logical since the dealer wants to paid for his car and if a finance company can't be found who will accept the deal and pay him, the car still belongs to the dealer.

We often get emails from consumers who are in this situation and they frequently ask if they can simply keep the car and refuse to sign a n...

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