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Columns: Driving for Dollars
Driving for Dollars  
Driving for Dollars
No matter what a dealer or salesman tells you, the terms of the contract are all that matter.
Driving for Dollars

Contract supersedes verbal promises
 

I went to a Hyundai dealership and signed papers that were at a higher interest rate than I was told verbally. I was told 6.15 percent, and it was actually 14.67 percent. I called immediately once I realized this and was told it was binding. I understand this, but there was not a deposit, so can I get out of the deal?

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Once you sign a contract -- no matter what the salesman says -- you have committed to a legal obligation. The contract supersedes anything that was said -- period. You can make noises about complaining about consumer fraud, but if the contract states in clear terms what the interest rate is to be, then the deal is done.


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Bankrate.com's corrections policy -- Posted: Feb. 6, 2009
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