What is the name of your state (only U.S. law)? California
Originally I signed a contract for 10,000mi/yr with a residual value of X dollars. After a week the dealer called me back and said they got a better interest rate for me, and I went in and signed a new contract. On the 2nd contract the dealer mistakenly put 12,000mi/yr with a residual value of X dollars (same as the original contract). I believe the bank denied the contract due to the discrepancy between mi/yr and residual value. After a month of driving the car, the dealer called asking me to come in to sign a new contract with 10,000mi/yr, this was disadvantage for me and I refused and told them I want to return the car. (We left on bad terms)
The dealer was able to convince the bank to take the lease, but two months has already passed and the dealer had to make the first payment (without my knowledge/authorization). I have a few questions.
1. I only wanted 10,000mi/yr and the dealer made the mistake of putting in 12,000mi/yr. Is the contract void because of this?
2. The residual value is a fixed value given by the bank. For 12,000mi/yr my residual value should be lower. Can they legally give me a bad residual value when it's suppose to be a fixed rate?
3. The dealer is now demanding I pay them for the 1st payment they made on the lease. The payment was part of a deal they made with the bank without my knowledge or authorization. Am I legally obligated to pay them?
Thanks
Originally I signed a contract for 10,000mi/yr with a residual value of X dollars. After a week the dealer called me back and said they got a better interest rate for me, and I went in and signed a new contract. On the 2nd contract the dealer mistakenly put 12,000mi/yr with a residual value of X dollars (same as the original contract). I believe the bank denied the contract due to the discrepancy between mi/yr and residual value. After a month of driving the car, the dealer called asking me to come in to sign a new contract with 10,000mi/yr, this was disadvantage for me and I refused and told them I want to return the car. (We left on bad terms)
The dealer was able to convince the bank to take the lease, but two months has already passed and the dealer had to make the first payment (without my knowledge/authorization). I have a few questions.
1. I only wanted 10,000mi/yr and the dealer made the mistake of putting in 12,000mi/yr. Is the contract void because of this?
2. The residual value is a fixed value given by the bank. For 12,000mi/yr my residual value should be lower. Can they legally give me a bad residual value when it's suppose to be a fixed rate?
3. The dealer is now demanding I pay them for the 1st payment they made on the lease. The payment was part of a deal they made with the bank without my knowledge or authorization. Am I legally obligated to pay them?
Thanks
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