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Should i redo the contract?

Seattle, WA |

I bought a 2010 RAV4 two weeks ago with 2.9% APR for 60 months. I got the car for two weeks now, and the dealer just called and informed me that there was mistakes in the contract that need to be fix, which is 0.0% APR for 60 months.

Seattle, Washington

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Attorney answers 2


If this lowers your payment and is the only change, you should redo the contract.

The response given is not intended to create, nor does it create an ongoing duty to respond to questions. The response does not form an attorney-client relationship, nor is it intended to be anything other than the educated opinion of the author. It should not be relied upon as legal advice. The response given is based upon the limited facts provided by the person asking the question. To the extent additional or different facts exist, the response might possibly change. Attorney is licensed to practice law only in the State of California. Responses are based solely on California law unless stated otherwise.


What I think you wrote is that instead of the interest being written as 2.9%, the rate written in your contract is now 0%. The dealer is now asking you to come back in to fix the error.

Did you and the people at the dealership discuss the interest rate being 0% before signing the agreements? If the agreed interest rate was 2.9% and the 0% was mistakenly written in, the dealer likely will have a good chance of asking a court to correct the error.

Moreover, your paperwork likely states that the loan has actually not been approved but that the dealership would try to find financing for you. Unless you have extremely good credit and there is a special promotion from the manufacturer going on, you likely will not get 0% financing. That is, the dealership will not be able to find a loan for you and you would need to return the car anyway.

You should review your specific facts with your attorney to find out your legal options.