Brooklyn, NY asked in Consumer Law, Lemon Law and Small Claims for New York

Q: I was recently given an auto loan for more than what was discussed and agreed.

The agreement was that "as long as I payoff the car loan within the first few months of the financed loan, the payoff price would be $7000" but if the loan wasn't paid within that time period the loan would be $11,500 (as it is right now). I signed the agreement after being told this. I recently contacted the financial company and stated the above and they told me that "what was told by the dealership isn't true" that the loan payoff is $11,500. I recently called the dealership (after discussing the above with the financial company) and recorded the whole conversation. Within the conversation they stated everything that was originally discussed which confirmed their deceptive lie. Can I sue them for deceiving me into signing the contract ? or take them to court for unfair lending since I'm now responsible to payoff $11,500 instead of $7000, as originally agreed ?

1 Lawyer Answer
Michael David Siegel
Michael David Siegel
  • New York, NY
  • Licensed in New York

A: Not against the bank, but maybe against the dealer depending on the evidence you have on the tape.

1 user found this answer helpful

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