pblvnv said:
I am wondering, under Nevada law, can a car delaership sell
a car that you have traded in before the financing on the new purchase is closed? If they cant get financing for you
or the deal hasnt funded so you can get your green slip;
can you legally get your trade in back?
My response:
The deal you made, and the contract you signed, is a separate deal from your trade-in and whether or not you are financed on the new car. Since you signed the contract for the new car, your trade belongs to the dealership.
If they cannot get you financed, that burden now falls on your shoulders. And, if you can't get financed at all, then your credit will suffer because, undoubtedly, you'll be returning that new car on a voluntary repossession basis.
There's much more to this story as to what can happen to you if you turn the car back in to the dealership. All because you do, doesn't mean the contract is cancelled.
If I were you, I'd find some sort of financing availability just in case the dealership can't finance you. You might try one of those "strip mall" storefront finance stores, like Avco Finance.
Without financing, your financial future is bleak, starting with collection agencies, and then a lawsuit. You'll be paying BIG BUCKS for a car you no longer have - - believe me.
Get to going now by looking for financing yourself, and cover your backside.
IAAL
