Can a dealer retroactively change your monthly payments?

Is it legal for the dealership said to ask me to come back in and resign on my new car and change my monthly payments. I put a large down payment on the car to keep my payments under $100 per month, but the dealer said this was too large an amount. What are my options?

Answer provided by
Johnny Puckett
Answered on Jul 07, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.
“This is actually legal and it is laid out in the paperwork that you signed when buying your new car.
However, it is very unprofessional and the dealership should not have tried to make a deal that they should have known they couldn’t make.
That being said, if you want to keep the car you should go back in, resign with a smaller down payment, and make a large first payment to lower the amount financed.
While this will not lower your monthly payments it will save you money in interest charges in the long run.”

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