What is the name of your state (only U.S. law)Texas
My son just turned 18 and was approved for $4400 used car loan after submitting the VIN number to his own bank. The setter was someone that used someone else’s dealer license. He was in the process of applying for his own license. Yesterday my son gave the seller ( dealer) a check for the TTL. The bank check for the principle amount will be here at our home sometime today. The seller went ahead and let my son take possession of the car yesterday evening after signing all the paper work which included the “AS IS” document. Two hours after doing so the transmission failed. He is now looking at a $ 2,000 repair bill.
Can my son give the car back and eat the TTL amount or can they mess up his credit for that?
My son just turned 18 and was approved for $4400 used car loan after submitting the VIN number to his own bank. The setter was someone that used someone else’s dealer license. He was in the process of applying for his own license. Yesterday my son gave the seller ( dealer) a check for the TTL. The bank check for the principle amount will be here at our home sometime today. The seller went ahead and let my son take possession of the car yesterday evening after signing all the paper work which included the “AS IS” document. Two hours after doing so the transmission failed. He is now looking at a $ 2,000 repair bill.
Can my son give the car back and eat the TTL amount or can they mess up his credit for that?