Boy did they screw up. A dealer cannot sell a trade in that is being used as a down payment on a another car until the other car is paid for or financed. SInce they can't seem to get you financed after two tries, they are going to get you financed with a very high risk loan company at an outlandish rate. What I suggest is that you find out the rate of interest for a used car from two or three banks, take the car back to the dealer and ask for your back. When they said the car was sold, tell them what they did was against the law and that they better S**t or give birth to a loan with an interest rate of three points over average. When they balk and they will (tell them they had ninety days to get a deal finalized and didn't, they sold your car which was used as part of the trasnaction, which is not yet complete and that you're going to the distrct attorney. It's called deceptive trade practices and in most states it can turn into a felony. They'll have a deal for you very shortly. The trick is to get a guy with bad credit to come in, trade away his car for another one, sell his trade and then stick him with a 25-30% interest rate of which they collect 5% for a finder's fee. SInce you don't have your car, you're stuck with whatever deal they can put together. ALso if your in an accident, they can sue your insurance company for the cost of "their" vehicle because you can't register it yet. Nice, huh?



