Can a deal unwind?

[Drover]

Originally Posted by Mayhem20

Purchased a vehicle about 9 days ago. Traded in my car and they gave me 12,500 for it. I purchased my new car. Signed the forms , insured the car and the vehicle is registered. 4 days after the credit union funds the dealership and the dealership paid the trade in off. The day after that the trade in goes to the shop and now they want more money because the trade has after market stuff on it and to get it back to stock and put new rubber and brakes on it. The cost would be more to get it to sell. So now they want to unwind the deal and have it restructured to giving me 8500 for my trade.

So the deal is funded
Contracts signed
Car is registered and Insure.

What can THEY do?

Tell 'em to eat a cyanide sandwich. I have never traded in a car where they didn't inspect it before the deal was done. Their failure to perform their due diligence before the transaction is their problem, not yours.

[IShootNikon]

I'm pretty certain the dealer wouldn't offer the same deal when they sell used cars off their lot. I've heard cars breaking down minutes or hours after purchase from dealer. You bet the dealer just shakes their head and say AS-IS.

Don't let them bully you.

[SOON2BNSURPRISE]

Originally Posted by Mayhem20

Purchased a vehicle about 9 days ago. Traded in my car and they gave me 12,500 for it. I purchased my new car. Signed the forms , insured the car and the vehicle is registered. 4 days after the credit union funds the dealership and the dealership paid the trade in off. The day after that the trade in goes to the shop and now they want more money because the trade has after market stuff on it and to get it back to stock and put new rubber and brakes on it. The cost would be more to get it to sell. So now they want to unwind the deal and have it restructured to giving me 8500 for my trade.

So the deal is funded
Contracts signed
Car is registered and Insure.

What can THEY do?

They no longer own your car, the new one. It was paid off from the funds that your credit union provided. You know longer own your old car, it was paid for by the dealer on terms that you both agreed to. The Credit union owns your car now. You may want to take your paperwork to the credit union and ask them what all this means. I don't see any problems on your side. You have the car, it is no longer owned by the dealer. From what I can see, just enjoy the ride.