About a month ago i financed a car at a car lot. I used my car as a trade in and i had to have a co signer in order to get the car because i had no credit history. I tried to make the payment on the car to only find out now that i am not actually financed through any bank or anyone. That my cosigner cannot co sign for me because they also have an auto loan. They have my old car and it possibly been auctioned off already. If i cannot be financed now what happens next? Am i with out a car? Can I take legal action?
If they sold your car without waiting to complete financing on your current car, you may have an action under the Kentucky Consumer Protection Act for an unfair and deceptive act. Hopefully, they will work something out with you, but if not, you need to see an attorney as soon as possible.
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