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Last sunday my girlfriend bought a used car from a dealership and got financing through the dealership from bank of america. They originally had the car listed at $8990(which was low for the 97 civic ex with 40k miles). When she came back the next day to do all the paper work they said the price was listed wrong and they would give her the car for $1000 over what they payed for it which ended up being about $13000. She said they showed her the invoice. So they finished all the paperwork and she got an APR of 17%. Not very good but her credit is not that great. She payed the downpayment everything was signed and done with, she took the car home. The paper for her financing had all the payments listed and the 17% APR. Two days later the salesman called her back and said they had to raise her APR to 21% or she had to bring the car back. She talked to the sales manager on the phone today and he got pissed at her. He said she had to bring the car back today and that she was a snotty little brat and he does not want her to have a car from them not even if she did change her contract to 21%. My question is can they change your contract after everything is signed you've payed the downpayment and you have the car?? I thought it was a legally binding contract. I just don't understand how car dealerships can do this. I think they are just trying to take advantage of her because she is a girl and she is young. Maybe they decided selling her the car for $1000 over invoice(if that really was the price they payed for it) didn't make them enough money on a Honda Civic. She wants to just take the car back but I'm telling her to wait. What are they going to do? Reposses it? What should she do? Thanks for any responses
Stephen
Red BMW 325is '95
Also no where on the papers that were signed did it say they can change the APR.
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