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Originally Posted by SlickCash Brock
The guy did not pay cash for the truck. He issued the dealership a post dated check that was non negotiable until 2-3 weeks later. On good faith the dealership gave him the truck early, technically it is an extended test drive. They had some other finacial issues with the lien on the trade etc. to deal with, so they let the customer borrow the truck. However upon noticing the mistake the dealer contacted the customer and made an offer to remedy the situation. The transaction was incomplete as no money had changed hands, only the offer to purchase. There were also liens on the customers trade in etc. etc. It gets to complicated to explain any more. There are legal issues with binding contracts etc. I will simply put it this way. If the dealer was in the wrong and actually had a legal binding agreement they would not risk their dealer licence for a $10,000 error. They would have eaten the mistake. They are obviously well within their right to repo the truck and return the customers trade, or they would not have taken the action they did.
MY $0.02
The reason i know about the new car business......I ran a new car store for 10 years.
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yea, something like that probably happened...