Can a signed auto contract be canceled by the auto dealer after the deal is supposed to be complete?

Can a signed auto contract be canceled by the auto dealer after the deal is supposed to be complete?

I purchased a used car at an auto dealer, after driving for 3 weeks I get a call from the salesmen saying that he was unable to get financing and now I need to return the car. I looked over the contract and there is no contingency clause. I called the sales person back and suddenly they have found someone to finance me; they still have my trade for sale but I’m uneasy about signing a new contract.

Asked on March 7, 2012 under General Practice, Tennessee

Answers:

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