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Auto Lease Buyout/Purchase.

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K

k9sports

Guest
What is the name of your state? California

I have 6 months to end of lease. Returned auto to dealer originally use to get auto. I signed documents to sell the auto to the dealer which in-turn I signed documents to buy back the auto with GMAC financing.

Received call from dealer 2 days later saying they want to modify buy out terms to increase the loan percentage or they would need to cancel the contract.

Questions:

1: Do they have the legal right to change the signed conditions of the auto loan or cancel the contract?

2: Do they have the legal right to cancel thier buy-out agreement when they purchased my auto.

Thanks,
Andrew from California.
 



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