Carmax
Can They Do This? They say they may have to cancel may contract it's been almost 1mo. Help!

I have had "my" car since 3/5/05... Today is 3/31/05. They called and said there's a mistake w / the lender. You see I bought 2 cars within 2 days. When they sold me the 2nd one they said they got me financed w/the same company.

They sell 300k cars per yr, so... Ok whatever they say I suppose. Anyway, I get the vech. Registration and metal tags, and Texas Dept transportation verification of Title transfer and 1st lien holder which is the finance company. Anyway, I just got a call saying the finance Co. Is refusing to take the 1st vehicle. Thus if they can't find another lender, I can either find one on my own, pay them in full, or bring back the car. What the?

The contract reads (if I read it right) that they can do this based on lack of "funding" prior to the Transfer of title being "recorded". Well, it has been... I have it. Who can tell me what they are trying to pull. Ps... The contract says they have there own lender... Carmax finance co. Or something. Pss... They sent me a pymt booklet on the 2nd car's warranty that is billed separately, so I know they can finance it if they chose to. I don't see where they can get out of this contract.??? Who can help... Quickly!!!

Kevin
Plano, Texas
U.S.A.

Company: Carmax
Country: USA
State: Texas
City: Plano

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