Auto, out of contract? Turning car back in!?

I bought a car two and a half weeks ago. I requested that Regional Acceptance NOT hold the finacing upon purchase. After the sale (a week later) they called me in to lower my payment and lessen my term (and they did). After that was done, I found the interest rate was higher and my finance company was now Regional. This I was told after everything was signed.

I found a $80 lower payment a few days ago with my bank. Now I am in flux. Regional told me that they needed employment and income verification to complete my app. I will not provide this because I don%26#039;t want Regional. The dealer won%26#039;t get back with me. And as of now I am not sure who is my underwriter. I want to cancel the downpayment check and turn in the car as I am very unhappy.

What laws protect me? Was I not out of contract to begin with? Am I now?

Auto, out of contract? Turning car back in!?

Sounds like the deal isn%26#039;t done yet as the lender wants more %26quot;stips%26quot; or stipulations to the loan. Don%26#039;t provide any more information to the lender or dealer, tell them you don%26#039;t have them.

They will be forced to either accept the deal as-is or they will tell you to bring the car back. DO NOT back out of the deal as they may put it as a repo on your credit.

If they accept the deal as it is, simply refinance the car with your lender.

First protect your credit, the rest will work itself out.

Good luck

Auto, out of contract? Turning car back in!?

If you signed the paperwork before the bait and switch, go back to the dealer and tell them if they won%26#039;t finance you for the agreed upon term and that which you signed for, you want your money back and they can have the car back.

Auto, out of contract? Turning car back in!?

Okay I%26#039;m confused. Did you sign the contract with the lower interest rate/shorter term or the higher one/longer term? If it%26#039;s the former, they are required to honor the original term since that is what you signed for. Looks like your underwriter is supposedly Regional but I don%26#039;t know what you mean by %26quot;out of contract%26quot; since you obviously agreed to a term and signed it.