Is an auto loan contract void if they used the wrong Social Security number?

I applied for a loan, and when I signed the papers, I didn't notice that the Social Security number was wrong. Now I'm getting cold feet about the purchase, so I reviewed the contract and found the error. Does this void the auto loan contract?

Answer
“Chances are that this will not void the contract. Because a Social Security number isn’t a necessary element of a contract, having the wrong one listed won’t matter as long as all the other details are correct.
However, some contracts for loans allow you to give the car back within a specific time period. Check the contract to see if you’re still within that time frame. You might lose some money to fees, but at least you won’t be stuck with a car you don’t want.”
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Eric Schad
Answered on May 05, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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