We signed the contract and got financing for a used Ford 2006 freestyle SUV. We found out that this model is no longer made and it has a long history of major repairs. We want to get out of this deal. No down payment has been made yet but we got financing through our credit union. We live in Florida. Thank you for your time
Sorry to hear about your troubles …if you have taken delivery of the car and the credit union has not cut a check to the dealer yet then tell them (CU) that you changed your mind and the van was not as represented etc. and tell them to not finish the transaction and of clurse don’t make the down payment. Then immediately have someone follow you over there and drop the car off …hand any salesperson you can find the keys …get his name …then leave.
If you have taken delivery and the credit union has funded the contract but you haven’t made the down payment (how much was it supposed to be?) then call your credit union and tell them you are taking the van back and see if they have anything they can suggest on their end…they are usually on the CUDL (Credit Union Direct Lending) system and they are able to pull the money right back thru that portal. Then take the rig back and give someone the keys. After you drop it off then follow up with a call to the sales manager who will try to convince you that you can’t do what you are doing…he is lying. Technically they could try to keep you in it by taking it back to your house and parking it and then going after you for the down payment but I just don’t ever see that happen. You need to engage your bank to be your advocate …most credit unions will …but not all. CONT’D AT THE SOURCE (CLICK)