What is the name of your state? Minnesota
I recently went to purchase a used car at a dealership. I had a trade in I used for the down payment. I was able to drive the new car that evening. After a couple of days I was contacted and told they were unable to secure financing for me and I would need to return the car. I returned the car that day assuming I would be driving back home in my old vehichle. I was told when I arrived at the dealership that my vehichle had already been sold, and the remaining loan on it paid. They said they would cut me a check for what was left, minus mileage I had put on the new car. So, here I sit no new car, no old car and obviously not very good credit.
My question is...how can the dealership sell my trade in before the financing was complete? Do I have any rights here at all? Any help or information would be greatly appreciated.
I recently went to purchase a used car at a dealership. I had a trade in I used for the down payment. I was able to drive the new car that evening. After a couple of days I was contacted and told they were unable to secure financing for me and I would need to return the car. I returned the car that day assuming I would be driving back home in my old vehichle. I was told when I arrived at the dealership that my vehichle had already been sold, and the remaining loan on it paid. They said they would cut me a check for what was left, minus mileage I had put on the new car. So, here I sit no new car, no old car and obviously not very good credit.
My question is...how can the dealership sell my trade in before the financing was complete? Do I have any rights here at all? Any help or information would be greatly appreciated.