Auto Financing Contract signed, now dealer wants

[kylet247]

to rework deal and raise monthly paments.? I purchased an auto from a GM dealership, signed the contract (thru GMAC), took delivery of car etc. several days later i recieved a car from the finance manager saying they included a $1000 rebate that they shouldn't have, and i needed to come down there and resign the purchase agreement. this will raise my monthly payment by about $25. Am I leagally obligated to do this or is their mistake my benefit?

[BizOwner1]

you know what is right and good here.

[Loren S]

If Was Really A Mistake( And It Might Be Worth Your While To Consult An Attorney) And If It's True Then Just How Honest Are You. This Is One You'll Have To Answer Yourself.

[dundalk1]

They should honor the contract. Legally you're free and clear.

[SlugKing]

Rebates are paid to you or the dealer so if they included a rebate they expected to get that money back if you applied it to the price of the car. If there was no rebate available on the car and they gave you one. Its your gain. If the rebate was supposed to go to them and they made a mistake and had it sent to you just send the check back when you get it. No loss no gain. If they want to increase your payment they probably made a mistake and included a rebate they shouldn't have. I would say no way. The dealer and you both have ample time to review the contract. If the owner of the dealership called or maybe sent a nice letter at least, I would offer to split the difference with them because everyone makes mistakes. I believe that once the contract is signed there is no further legal obligation to give them any more money.

[brandie v]

No you are not obligated to resign anything. It was their mistake so they pay for it.