Consumer Protection Law
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Wow... I'm so torn right now.. I like direct answers when it comes to dealing with situations legally and this was pretty straight-forward.
So legally there is nothing I can do to cancel the contract. Your saying that that the only legal thing for me to do if I do NOT agree with the contract is to
- Pay the payments as it says exactly on the contract
- Or not pay at all and have another set of problems
So in New York state I can not cancel that contract because there is no grace period and I am obliged to pay for the amount in the contract.
I now understand that I can not resign on the contract for the vehicle I purchased.
There is an add on in my contract called an application for coverage which cost me 1357.81. In the back of that contract it said I may cancel that service and have the full refund for it as long as I cancel before 60 days...
If I cancel this service this would make the whole cost of the amount financed drop by 1357.81.
The car would be 1357.81 cheaper than its original price.
Will that cancellation of that contract affect the whole contract in its entirety since they have to adjust all of the numbers again and print out a new contract for me to sign which would be in the main contract (important document) called the "Motor Vehicle (automobile) retail installment contract - consumer credit document New York".....
which in turn legally they have to print out a whole new consumer credit document for me to sign because I am refusing services which would make the whole car cheaper...
If I dont sign that new document. Will I be able to walk?
I appreciate your advise.
application for coverage is the maintenance service charge for the vehicle.
I'm thinking about cancelling that charge hoping maybe I will have to sign a new contract because the numbers for the amount of money financed towards the purchase of the car would be changed.
Just an update! I was able to get out of the contract. I did not pick the car up from the parking lot. I wrote to the general manager of the dealership. since I did not pick the car up they let me walk from the contract. thanks for your help
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