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.

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1 Lawyer Answer
Morris Leo Greb
Morris Leo Greb
  • 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

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