IMHO if he signed the papers he needs to be a man and pay for it unless it's broken. He's a grown man right? You shouldn't be let off the hook for mental incompetence. Find a way to make it work.
IMHO if he signed the papers he needs to be a man and pay for it unless it's broken. He's a grown man right? You shouldn't be let off the hook for mental incompetence. Find a way to make it work.
He needs to consider just how many payments he would miss by paying for the surprise item. He should also consider paying for the surprise with another loan, or even a 0% interest "balance transfer" from a credit card.
Here's the answer you're looking for, but it's not the answer you want to hear:
http://www.coloradoattorneygeneral.g...egal_questions
Reminder: Car sales, new or used, are not covered by any statutory right to cancel.
So your friend is limited to whatever he can work out with the dealership or via other means.
First, I'm sorry your friend has run into a financial dilemma. I know how that goes. As we recently had a huge unexpected medical expense recently...
In response to a post...
No offense, but note the first line of what you quoted...
"A list of deceptive trade practices..."
If there is no deceit then, this doesn't apply....
I think your friend is stuck UNLESS the dealer decides to take it back. He has no "legal" recourse. To make a long-story short, I bought a used car from a dealer "as-is". I didn't have it more than 8 hours and 25 miles when it had a major transmission problem. I did ALL kinds of research into lemon laws, right to return, etc... Found that I was stuck. Very fortunately, the used-car dealership I bought it from stood by their truck and had it repaired on their dime. 5k miles later and its running strong...
Quote:
Originally Posted by ChunkyMonkey