Tacoma, WA asked in Contracts for Oregon

Q: I completed a purchase/sales contract in its entirety for a new car the dealership wants it back -unable to secure loan

I recently bought a car and completed the sales contract. With numerous papers signed including bill of sale release of Interest, new plate request etc however about 10 days 11 days after I have been driving the vehicle and after touching bases briefly with the Financial firm I was contacted by the dealer saying The financing fell through and they need the car back immediately. After looking to my paperwork and worrying that maybe I had a loan Since I have not heard this from the bank. Whats concerning and I asked to dealership for some time to consult with the lawyer any thoughts or suggestions

Related Topics:
1 Lawyer Answer

A: This is not a legal question. If you are unable to get financing than you have to take the car back. Period. If you keep it and refuse to do what they say, you will soon have a real legal question or three.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.