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Can the dealer change the price of a car after I sign the papers?
I financed a car through a dealer, and when I signed the paperwork, I noticed the price was $600 less than what we had agreed upon. I told them about the error and they didn't seem to care. Fast-forward 11 days, I get a call saying that they now want to redo the paperwork with the additional $600 added onto the price. Do I have to sign this new contract or should I tell them I'm not signing it?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
You’re under no obligation to sign a new contract as dealerships typically have 10 days to cancel or change the contract. Additionally, you also pointed out the error and they declined to change it.
To confirm, you can look at the Seller’s Right to Cancel clause in your purchase contract. This clause will detail the conditions in which the dealership can cancel the contract or require you to re-sign documents.
If you’d like to negotiate with the
dealership
, you could tell them that you’re willing to refinance the deal with the extra $600 and a lower interest rate that negates the $600. The idea here is to not burn any bridges. The
dealer
is likely the one who will do any routine maintenance stipulated by your manufacturer’s warranty, so making them angry probably isn’t the best idea. While this is 100% their error, you might want to give them the benefit of the doubt. Call them or pop in and see what they say. You can always refuse to sign anything or at least negotiate some other offer.
Don’t forget that when you buy a new vehicle, you will need proper coverage. If you haven’t already found insurance, use the
Jerry
app to help you find the best deal. Jerry compares rates from 50+ top companies in under a minute, delivering the best deals to your phone.View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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