Question:

If I bought a car and decide within 1 to 3 days later that I don't want the car, what are my rights?

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I bought a car yesterday and was told by the dealership that the other vehicle that I own which I still owe about 19000 on could be taken back to the bank and it would be a voluntary repo. They told me that since I was so deep in debt on this vehicle that if it went to court, that the judge would not side with the bank because the vehicle wasn't worth what it was sold to me for. They took the negative equity from a previous car and added it on the that vehicle..so they said it would be better to get another auto loan for a car, and let my other vehicle go back to the bank..said if it went to court the judge would not side with the bank because they shouldn't have given a loan for that much on something that wasn't worth that..Anyone have any suggestions? I would like to know if my wages could get garnished if I take my other vehicle back, and would like to know if I can take this new vehicle back within a certain amount of time...

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  1. someone is yanking your chain.  you are responsible for the difference b/w what you owe and what they can sell the car for.  tehy could garnish wages and would certianly report it to your credit agency destroying your credit report.  

    also, this company you are now trying to buy through is probably going to gouge you with interest rates.  your best bet is to keep the car you currently have, unless you can sell it outright, try to negotiate with your bank for lower payments spread out a little and learn to deal with your debt.

    remember, no matter how nice they seem, the guys at the car dealership do NOT have your best interest in mind,  tehy just want to sell you a car.


  2. 1ST OF ALL,ITS UP TO YOU ,TO BE SAVY ENOUHJ TO KNOW IF YOU ARE GETTING THE SHAFT OR NOT,NOT THE JUDGE,DEALERSHIP,OR ANYONE ELSE AS FAR AS THAT GOS.SURE,THE DEALERSHIP SAYS ITS A GOOD IDEA TO JUST LET THE CAR GO BACK AND GET ANOTHER LOAN,THINK ABOUT IT,THEY'RE GETTING THEIR MONEY REGUARDLESS.ITS YOU THAT GOT TO PAY FOR IT.GROW UP,THIER IN BUISNESS TO MAKE MONEY,AAND LOVE TO SEE PEOPLE LIKE YOU WALK IN THE DOOR.THE BEST THING FOR YOU TO DO IS PAY THE CAR YOU'VE GOT DOWN TO A REASONABLE LOSS.DON'T MATTER WHAT YOU BUY OR DO AT THIS PIONT,ITS A LOSING PROPOSITION FOR YOU.IF YOU LET IT GO BACK TO THE BANK IT WILL RUIN YOUR CREDIT,I CAN'T BELEIVE YOU WOULD FALL FOR THE SAME SCAM 2 TIMES IN A ROW,YOU KNOW IF YOU LET IT GO BACK,ALL THE BANK IS GOING TO DO IS SELL IT FOR WHAT THEY CAN GET FOR IT AND COME AFTERYOU FOR THE REST.SO YOU REALLY HAVEN'T HELPED YOUR SELF AFTERALL,EXCEPT HELP MAKE SOMEONE SELL QUOTA FOR THE MONTH.

  3. Jeeze, what a mess!

    You bought a new car when you already owed $19,000 on another car and a dealer salesperson advised you to do a voluntary repo and to go to court with the bank, and you would win and it wouldn't hurt your credit, and you wouldn't owe anything else ????????????

    You should take the car salesman to court and sue him for giving you bad financial advice when he has no license as a financial advisor. This guy is trying to s***w you up one wall and down the other.

    Unfortunately, there are no laws that give you a day, 3 days, 72 hours or anything else when you buy an automobile. Once you sign the papers, the car is yours -- or rather the loan is yours, not the car.

  4. Honestly, I can't even follow your train of thought enough to make sense of your situation.  It basically sounds like you're out there making large purchases with money you don't have.  For that, I have no pity.

  5. I'm with Noah on this one. You still owe $19,000, you buy a new car and you otherwise irresponsibly spend money and expect people to help you out.

  6. You let a car salesman tell you what a judge is going to do? And you took his advice?

    There's no period of time after the sale that you can return a car and cancel the deal. It sounds to me like you're on the hook for 2 auto loans now.

  7. signed the papers m8

    if you go back they will offer you less for the car that you bought

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