Can a Car dealership, In California, Change the contract agreement because the bank said so?
by 
Sabby315
ANSWERS: 3
-
Hey.. a contract is a binding agreement and they cannot change that not even if the government says so...
-
Maybe. The answer depends on the terms of the contract. It is common practice for car contracts to have conditional clauses, such as: "No down payment will be required provided that we can obtain 100% financing for the purchased vehicle. If we are unable to secure 100% financing due to your credit history, you will be required to meet the requirments set fourth by the lending bank, or provide alternate financing." Thus, in this example, the dealership could change the terms if the dealership could not get 100% financing. However, the answer to your question is contractual, and not legal, and therefore cannot be answered without seeing the actual contract.
-
This depends on the terms of the agreement. Many contracts can be changed unilaterally if the contract provides for it. For example, have you ever received a notice from your credit card company telling you they are changing the agreement? This is legal because you consented to it when you signed up for the card.
RELATED QUESTIONS
Copyright 2023, Wired Ivy, LLC