October 30, 2010
i traded in my car and i've only had the new car 5 days can i get my old car back since i lost my job.?
By Planet Wealth
i have the title to my ancient car.
Topics: Uncategorized | 7 Comments »
7 Responses to “i traded in my car and i've only had the new car 5 days can i get my old car back since i lost my job.?”
Comments
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October 30th, 2010 at 5:32 am
Talk to the dealer… many places have a thirty day return policy….
If you have the title to the ancient car, they should still have the car….
If you had given them the title, they would have wholesaled the next day….
October 30th, 2010 at 5:32 am
Dont try talking to the dealer, because most dealers are full of it! They are only on your side up until you sign that contract, after that you are on your own. Try contacting the bank who financed your car for you, some banks give you the option (an option the car dealer will not tell you) to surrender the car back to the dealership where in turn they sell it again and you might end up paying the difference if they sell it for less because car’s lose value the minute you drive them off the lot.
And as for your ancient car i must say i don’t know why you would still have the title (unless you told them you had to look for it and that you would bring the title when you found it) If you traded that car in with the intentions of surrendering that title and it states on your New Car contract that you would be trading in a car, you might be out of luck.
But thats a tough one because if that was to be taken to court so you can get your ancient car back, the title was never signed over to them or surrendered to them and they made the mistake of using it as a trade in and giving you the New Car to take home without even having the title. Excellent Luck!
October 30th, 2010 at 5:32 am
if you signed papers, it doesnt matter what you have.. .the dealer owns the car.. and it is very odd that you still have the title as well. im surprised they let you have the new car.
October 30th, 2010 at 5:32 am
Nope. Once you signed the contract, you are on the hook until you have completed the terms of the loan. Sorry you lost your job, better get looking for another one, quick!
Most places do not have a 30 day return policy. Not on cars, new or used.
October 30th, 2010 at 5:32 am
Is it OK to assume that you traded a free + clear vehicle for one with payments ,otherwise why would a job loss be a concern . There are only 2 reasons why banks provide car loans . Ability + Stability . You obviously qualified for both . A job loss is no reason to stop paying your obligations . Do like everyone in this world does , get a new job and get on with your life and pay your debts . If you bought a house and lost your job , would you reckon about giving the house back too ?
The new car will cost less in the long run because of the warranty . Just reckon how still having the ancient piece of junk and the job loss would affect your ambitions . Consider your minor job loss a life lesson and use this opportunity to get yourself a better job . At the very least you’ll feel better about yourself .
October 30th, 2010 at 5:32 am
I say get back on your feet and continue to make your payments on your new car.
Usually there is a 78-72 hour return gap there though!
October 30th, 2010 at 5:32 am
Not likely, the paperwork has probably already been processed.
These answers saying there is a "return period" are absolutely out of their mind. There is no "cooling off’ period, No right to recision, and no returns.
"Cain" That is considered a voluntary repo. That is not excellent advice.