Car purchasing>????????

so i purchased a car a couple of weeks ago and they are having a hard time finding someone to finance me not because or my credit (credit score is 750 and last time checked that was excellent credit) but income to debt ratio, which i understand...they sent me a letter stating they were unable to finace me and they were exercising there rights to rescind the contract. okay fine, understandable, when i called and spoke to them they said they finalized the contract meaning they got someone to finance 4 days after the letter was written. Letter i recieved 4/12/07 dated 4/05/07 and they got someone to finance 4/9/07, now since the letter is or was written april 5th doesnt that void the contract??? they expressed there rights to rescind the contract and now they are telling me that ive been financed as of 4/9/07 there TEN days to find a finance company was up on the 7th...help confused

What they did is called a "Spot delivery" they put you in the vehicle without a real approval hoping they could get someone to purchase the contract. Not really that unusual for the car business, but not bright either.

Now to answer your question, it most likely is to late to back out of the contract they have already sent it to the bank that purchased your contract and by now have most likely received their money.

If you want to try and get out of the contract? You might contact your State attorney generals office and see if they can help you. Or if it was a used car, the used car commission.

This is why I tell people never to sign a contract that doe's not have the lending intuitions information typed at the bottom.

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