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by christianmom9803 on February 16th, 2006

christianmom9803

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We bought a used car but the financing wasn't finalized on the spot. We also already paid 1 month of insurance. If the deal doesn't go through, can we get the money spent on the car and insurance back?

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  • by IsZatSo on April 10th, 2006

    IsZatSo

    Probably not. Unless you have signed agreements to terms stating otherwise. One month of temporary insurance, once issued by the company might be hard to recoup.

    If the person gave you the car, without getting the money, (financing) they certainly have an expectation of the loan going through. Seems strange to release a car to you without the money.

    The money spent for the car portion of the question needs clarification. Just assume the down payment we are talking about. There then is legal recourse to get your downpayment back, based on the state you live in and the documents signed prior to the deal being finalized or not.

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