Asked in Products Liability and Business Law for Georgia

Q: Can a carlot change the down-payment

1 Lawyer Answer

A: This question is quite vague and without more, an appropriate response can't be given. However, many contracts have contingencies, so if there was one related to the down payment, then that could cause it to change. For instance, if a car lot agrees to a down payment of $5,000, so long as you have a minimum credit score of 600 or can obtain financing. Failure to have the minimum or obtain sufficient finance, could be a legitimate reasons for the car lot to increase the down payment they initially offered. Again, without more information, an accurate response can't be given.

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