Lease agreement

[kimb030]

My husband and I leased a vehicle 2 weeks ago with Ford Credit and a local Ford dealership. This is our fifth lease with this company. Yesterday, we received a phone call from the dealership stating that our lease had been rejected from Ford Credit because the residual numbers were wrong, and that the payment should be $20 more a month. We have a signed lease agreement, paid our first month’s payment, a downpayment, and bought insurance. In addition, 3 people at the Ford dealer looked over this agreement before it was signed. The dealership said that we need to come in and sign a new contract with the new figures.

Nowhere on this agreement does it say “pending final approval”, “subject to change” or anything even suggesting that. If we changed our minds about this lease 2 weeks later, we would not be able to back out. In addition, if we were given a payment of $20 more a month it would’ve changed the choice in car we purchased to begin with. Can you give me some insight in this matter? Do customers have the same rights as companies in these lease agreements? Any help would be appreciated.

[email protected]

 

[JETX]

This one is fairly simple... you have a contract. It is binding on BOTH parties. Ask them to show you where the contract says that they can unilaterally make alterations to the binding contract. (If they cite a paragraph, unlikely, you need to research their answer). If they fumble and stumble, hem and haw, then you know that they are 'blowing smoke' and don't cave in to them.

Hell, they might even get a 'lawyer' to write you a letter. Respond to him by asking him to show you where the contract allows them to change it.


You are absolutely correct that if you had tried to cancel ("Gee, just not what we wanted"), you bet they would hold you to it. This goes both ways. Do not fall for any of their tricks.

Threaten them with a counter-suit if they even consider attempting legal action (highly unlikely). Use words like: abuse of process, harassment, mental anguish, attorney fees, etc.

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Steve Halket
Judgment Recovery of Houston
[email protected]
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This is my PERSONAL OPINION and is not legal advice! Consult your local attorney for your specific situation and laws!

 

[I AM ALWAYS LIABLE]

My response:

You have a signed contract. That has meaning for both parties. You are absolutely correct to think that if you had had a problem with the contract, that your pleas for assistance would have also fallen on deaf ears. Remind the manager "We have our contract, signed, sealed and delivered. We like our contract, and will not be changing anything. Have a pleasant day, sir."

IAAL

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