Miami, FL asked in Contracts for New Jersey

Q: Agreed Upon Cost is over MSRP. How is it possible ?

I leased a car with MSRP=35310; Down:8000; Monthly: 375*18(month);tax_etc=2107 Residual:29300. After signing the lease I realized that Agreed cost is showing as 40014 which I don't think I agreed. I am feeling like I have been cheated. Is there a way to revert the lease and get my money back ? I am new in USA and do not much about leasing and financing. I trusted the dealer but he cheated me.

Related Topics:
1 Lawyer Answer
Morris Leo Greb
Morris Leo Greb
Answered
  • Rockaway, NJ
  • Licensed in New Jersey

A: MSRP is merely a suggestion, the dealer can charge any price. Your deal was for a set monthly payment to which you agreed. That monthly payment will not change. Enjoy your new car.

H. Scott Aalsberg agrees with this answer

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.