Tips on Buying Cars/Invalid contract

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Question
So I bought a truck and the dealership lied to the finance company said I put $2500 down as well as they said that it was a crew cab top of the line with sun roof and everything showed me the book on that truck then when I looked up the actual value it was $6000 upside down but since the contract say crew cab LE and mine is a king cab SE and the down was lied about is that grounds to terminate the contract?

Answer
Good morning Clayton thank you for the question the short answer is yes  based on what you've told me in the shin and not too much time is going by what you have is a contract then voidable.  Or is the vet say the bank fraud committed by the dealer in order to get financing approved and  A car sold  I am dictating this into my cell phone as I'm driving 80 miles an hour down the freeway so please excuse any typos  The first thing you should do is   Call the dealer and tell him that you're bringing the truck back and resending the contract because of the fraud that was permitted and then if he  gives you any grief or argument at all then immediately call the bank and let them know what happened and tell them that you will be returning the vehicle   I will add to this answer when I get to my office in about 45 minutes to an hour  

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Roger Alvey

Expertise

I can answer any question about the car buying process. I am a recognized industry expert on all issues regarding auto finance, including sub prime and buy here pay here financing, I can answer questions about car lock out systems, GPS monitoring by your bank, and about auto recovery methods and defenses. I am a 20 yr car industry expert and can tell you what to look for in a used car, how to negotiate the deal, help with how to market your own car, and how to negotiate with the internet department of any car store. I can tell you every single way the dealer is set up to beat you and how to avoid those traps, I can discuss all aftermarket and extended service contract products you will be offered in the finance process, I have lectured extensively on "The Best Way to Buy a Car" to civic groups and university students. I am a credit expert and can tell you what the dealer and banks are looking for and the rate you can expect to pay. HERE IS THE LINK TO MY OTHER ALLEXPERTS CATEGORIES WHERE I HAVE ANSWERED LOTS OF QUESTIONS http://www.allexperts.com/ep/3440-114948/Used-Cars/Roger-Alvey.htm HERE IS A LINK TO MY BLOG http://thecarguyz.wordpress.com/

Experience

20 years industry experience in top management of dealerships and dealer groups. Recognized industry expert since 2004 in the Top 10 industry experts for The Gerson Lehrman Groups Auto Industry Council. I also do consulting work for Atheneum Partners, Expert 360, Expert Connect and Coleman Research. I have been a franchise owner and understand all facets of the auto industry from the time the car leaves the factory until it leaves the lot with it's new owner. I have written training materials for both the prime and the subprime sales and finance process.

Organizations
NADA, OADA, NFIB, State Certified Used Car Appraiser

Publications
Special Finance Insider, Dealer, and Automotive News, Gerson Lehrman Group Auto Industry Council News (frequently)

Education/Credentials
Willamette University - Salem Oregon BA Economics Willamette University Graduate School of Business - Econometrics Statistics

Awards and Honors
GM's Award of (their most prestigious award) Given to Dealers who surpass their annual benchmark planning volume while also maintaining Top Box (top 5%) CSI

Past/Present Clients
Citadel Investment Group , Summit Partners US ,Broad Peak Investment Management, Nautic Partners, LLC, Hellman & Friedman Investors, L.P. and over 40 additional money managers, hedge funds and research groups

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