Carr Chevrolet

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Carr reneged on Volt Lease
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Rating: 1/51
BEAVERTON, OREGON -- On March 1, 2012 I leased a 2012 Chevy Volt. At the time I made the lease, I informed them I was involved in a short sale of a house in Connecticut. On March 8, Carr informed me they wanted the Volt back because of the ongoing short sale, which is also through GMAC. I feel this is very bad business. I did not misrepresent myself, and was very happy they accepted me on 3/1 and was devastated when they demanded the car back.
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trmn8r on 03/08/2012:
I see your point about not misrepresenting yourself, but it is possible that some beancounters at GMAC decided after the deal was signed that this was not acceptable. It is hard to know without documentation. Ultimately, it is a contract issue, I suppose.

I am wondering if the complaint is really against GMAC, and not the local dealer. If GMAC made the decision, the dealer may have to go along with it.
spiderman2 on 03/08/2012:
I think your beef is with GMAC. Seems you already owe them money so why would then want to loan you more? you should have financed through someone other than GMAC. Dealers shouldn't let people take cars when the financing isn't in place.
tnchuck100 on 03/09/2012:
trmn8r is correct. It is a contracts issue.

Generally speaking, unless you have violated some term of the contract they have no right to take the car back. Just because they have second thoughts doesn't cut it.

Read the contract. Unless there is some point that legally allows them to rescind the contract tell them to pound sand. Or negotiate a damages settlement with them.

Do not simply roll over and take it.
CowboyFan on 03/09/2012:
The important document to review is the credit application. Telling the dealer about the short sale, is not the same as listing on the credit application that the OP was many months behind on his mortgage payments (I assume). Also, the credit application may have a provision that credit approval is conditioned on receipt of credit reports showing no additional negative information. The fact that the dealer thought the OP qualified is not the same as GMAC saying so.

I would think that the OP has not lost the lease on the vehicle, he just needs to pay for it. Perhaps he can get approval from a bank, credit union, or some other finance company so that he can still obtain the car.

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