December 31, 2010
after i have signed the contract and taken the new car they found out my trade in was in a accident?
By Planet Wealth
i signed the sales contract for my new car and traded in my ancient car, 3 days later they ring me to go down there because they want to talk to me about my trade in because it was a repairable write off. i went down there to talk about it and they took the keys of my new car and gave me my ancient car back and now they want me to re-sign a new contract with a less amount trade in for my ancient car.
do i have a case to take them to court and win or take the 2nd offer and re-sign a new contract with out the court case, i did know the car was a repairable write off but they when they valued my ancient car they didn’t pick it till after the contracts were signed and my new car was home.
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5 Responses to “after i have signed the contract and taken the new car they found out my trade in was in a accident?”
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December 31st, 2010 at 12:44 pm
no you dont have to do business with them at all… really sale your car to someone on the street and you will get more money for it and you can use that money for down payment and get a better deal might take longer.. you know what they was going to give you so you know your car is worth more by 1000 bucks or more… dealer not going to give you a better deal than what you could get for it yourself they have to resale it and make money with it… what you need to do is check ebay and other call sale adds see what you car migfht be selling for you know what a dealer wil pay place a for sale sign on it get more money have better down payment an dbuy a car from another dealer they lose and you get a better car
December 31st, 2010 at 12:44 pm
You did to them what they’ve been doing to customers for years. I would hold their feet to the fire and say a deal is a deal, unless you withheld information about the accident when they questioned you about it (verbally or on a sales form).
I’m wondering how they found out about the accident. Carfax? They should have run that at the time of sale before the documents were signed. Mechanic’s evaluation? Well, that would have taken too much time at the time of sale.
Let’s say you found out your new car was in a ‘repairable accident’. I’ll guarantee you that the car dealer WILL NOT take your new car back.
December 31st, 2010 at 12:44 pm
You weren’t honest with them so I would imagine they can void the contract. Where I live you have to by law divulge it’s a salvage I wouldn’t get the court involved it could back fire on you because you knew. Also if you sell it privately you have to tell them or you could open your self up for a law suit.
December 31st, 2010 at 12:44 pm
Its their mistake, they should have checked the car properly. They don’t have rights to take back the car after the contract was signed. Don’t accept for the 2nd offer…
December 31st, 2010 at 12:44 pm
I am not sure where you are, but in most states, if not all states, when trading in a car, you sign a disclosure statement about your trade in and whether or not it had been in an accident. If you knew it had been in an accident and did not tell it, you have no case in court. If you had told it, they probably obviously would have change it’s value.
You now have a few options. Resign the contract with the lower trade value or go somewhere else. Just make sure you tell the accident before signing any contract on a different car. Or don’t use the car as a trade, just sell it outright, as is.