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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

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

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Scranton Dodge
(570) 344-1261
1146 Wyoming Avenue
Scranton, PA
Services
Auto Body Repair,Auto Repair,Truck Dealers,Used Car Dealers,Auto Dealers

Edmond Chevrolet Ed Shults Toyota
(814) 368-3191
880 E Main Street
Bradford, PA
Services
Clutch Repair,Radiator Repair,Tune up Repair,Truck Dealers,Used Car Dealers,Auto Dealers

Brodheadsville Chevrolet
(570) 992-0200
Route 209
Brodheadsville, PA
Services
Fuel Injection Repair,Radiator Repair,Truck Dealers,Auto Dealers

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

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Fitzpatrick and Lambert Inc
(570) 928-8184
Route 220 And Route 87
Dushore, PA
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,Tune up Repair,Truck Dealers,Used Car Dealers,Auto Dealers

Del Toyota
(610) 383-6200
2945 E Lincoln Hwy
Coatesville, PA
Services
Auto Body Repair,Van Dealers,Auto Dealers

Fairfield Auto Group
(570) 567-2000
1960 E 3rd Street
Williamsport, PA
Services
Alignment Repair,Truck Auto Body,Auto Dealers

Brenner Chrysler Jeep
(717) 766-7686
6039 Carlisle Pike
Mechanicsburg, PA
Services
AC and Heating Repair,Auto Inspection,Radiator Repair,Tune up Repair,Used Car Dealers,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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