Under the law in most States, a contract to purchase an automobile must be in writing. (The Uniform Commercial Code requires that sales of goods in excess of $500 be in writing). That being said, any agreements, promises, statements that you plan on relying upon, reassurances, etc. should be put in writing before you take [...]

read more from this topic.....

When you are shopping for your next vehicle, look for the “addendum” sticker affixed to the vehicle. It will look like a smaller version of the vehicle’s Monroney Label (window sticker) which comes from the factory. Many dealers use this Addendum Sticker to add items to vehicle. For instance, you might see an Appearance Package, [...]

read more from this topic.....

The short answer - - Yes.
The Fair Credit Reporting Act regulates the use of credit reports and prevents a dealer from pulling your credit unless he has a permissible purpose, as defined under the Act.
In general, there are 3 permissible purposes that a dealer may have: (1) if the consumer gives permission in writing; (2) [...]

read more from this topic.....

Some might ask what the selling price of your vehicle was? Others might ask you what your monthly payment was? But the true cost of your vehicle is more than that. On a monthly basis, your vehicle costs the sum of:
1. Your monthly payment;
2. Cost of Insurance;
3. Cost of Gas (this is a big one);
4. [...]

read more from this topic.....

When signing the myriad of papers in the dealer’s finance office, there is one document that consumers sign that many are unaware of. It obligates the consumer to pay the dealership in the event their financing is declined. The payment is to reimburse the dealership for the time that the consumer used the vehicle.
The name [...]

read more from this topic.....

In most States, car buyers take delivery on “the spot” without their financing actually being approved by a finance or leasing company. In essence, the transaction is “subject to” the financing being completed after the delivery. In legal terms, it is referred to as a “condition subsequent.” It means that there is a condition [...]

read more from this topic.....

One of the most common misconceptions about car buying is the belief that a consumer can return the vehicle within 3 days of taking delivery.
Let me set the record straight - unless you fall into one of the exceptions below - YOU CANNOT RETURN A MOTOR VEHICLE AFTER TAKING DELIVERY.
The only exceptions are:
1. You were [...]

read more from this topic.....