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Infolawyer, Lawyer
Category: Consumer Protection Law
Satisfied Customers: 6744
Experience:  Licensed attorney helping individuals and businesses.
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My 18 year old nephew purchased a new Ford Mustang off the

Customer Question

My 18 year old nephew purchased a new Ford Mustang off the Ford lot with my parents co-signing and paying a $2,000 down payment. My nephew works part-time for a grocery store and got approved for paying the car off. I either want to renegotiate or cancel this deal altogether b/c I think my parents who are in their 90s and my nephew, a teenager, got taken advantage of. He is now supposed to pay a $400 plus monthly payment and my 91 year old Dad is cosigner. This happened one week ago, all on one Monday afternoon.
Submitted: 11 months ago.
Category: Consumer Protection Law
Expert:  KnowYourRights replied 11 months ago.
Good morning. Do you mean renegotiate with the dealer, who sold him the car and offered the financing?