Im no lawyer either, but I believe the liability actually falls on the Nissan Dealership. They are the professionals and they are supposed to inspect the car thoroughly before buying it from you. If they didn't do their due diligence then that is on them. As long as you didn't lie about the condition knowingly of course. But once again, I am no lawyer. Until they call you asking for the car back or threatening legal action against you I wouldn't worry about it. Until that time you are still in the clear.

 

I can hear it now.......General manager-You FN idiot,you saw there was some bodywork on it on you didn't check it out further????.....Sales manager-General manager-Get on the phone and get some more money out of this guy or it comes out of your commision.Second senario(there is no damage).....General manager-You FN idiot.How do we make any money trading 1 for 1.Get on the phone and get some more money out of this guy.Sales manager-

 

They cannot take your car back.You OWN it now,not them

 

Sucks to hear this man, but if im not mistaken, and i don't think i am, you can sue the dealership that sold you the s2000 for 3x the amount you paid for the car, if they knowingling sold you the car and didn't tell you about the damages.

 

If the dealership you bought the Honda from isn't liable for the damage when you bought it from them, why should you be liable for it when you traded it in?

 

Someone definetly lost their job over that one.

 

I dont think there is anything they can do to you, but maybe they are trying to go after the people that you got the car from.

In reality the place you got your car from thinks that you new and pulled a fast one on them and somebody is taking the heat for it. They are calling you (certinly with people listening on the other end) trying to determine if the sales person knew or was in on it or who on their end is going to get fired. So people are scrambling to keep their jobs.

I think the dealership could probablly sue you but they would have to proove you had prior knowledge of the car being in an accident. If you didnt know and you don't have any documentation presented to you that told you this fact then they wouldn't have much of a case. That isn't to say you wouldn't have to be liable for some of the loss on the new car. You were involved in the deal and should have been partially responsible for the S2000 being worth less knowingly or not. You could then sue the place you bought the car from and try and recover that money. Really it would depend on how a judge interpreted the law.

For now sit tight, tell them you don't know and don't say anything that will incriminate your self. Just say you honestly didn't know and wanted a Z instead of the S2000 legitimately and was not trying to rip them off. Stick with that, don't say anything else.

 

Actually, I'm guessing he took out a loan for it, so the bank owns it until he pays it off.

 

That is a demo.

 

How did the dealer that he bought the Z06 think they'd get away with this?
All he had to do was bring in the Z06 to another dealer and it would all unravel?
He could have owned them hardcore.

 

1. The deal is done already
2. If the dealership you bought the s2k didn't know about it how were you suppose to
3. If it's not on the carfax report technically you had no way of knowing
4. deny deny deny
5. I'd deffinately doccument everything and get professional help

 

That actually isn't a demo! Its an '08 right? So that means it could have been sitting on the lot since late '07. That's a lot of test drives and letting a potential buyer take it back to the wife so he can beg her to let him but it. I have bought several demos over the years from a relative in the business and the always have several thousand miles.

As far taking back the car goes, you would be surprised what they can get away with. I have seen several instances where the dealer took the car back after it was sold. What happened was the dealer arranged a loan with the bank and got an approval. They sign all the loan docs and buy the car. Almost a week passes and the bank says that the loan was conditional on something like verifying income and the applicant doesn't qualify. So even though it was sold and title had been finalized the dealer had it all reversed.

So again, talk to a lawyer. They might prove to be more helpful than our opinions.

 

What would happen with my trade in? THey already paid off the loan for the CR like a week ago. My dad co-signed on the loan and has a 800+ credit score and income 10X mines so theres no way we dont qualify under any circumstance. Also the car was not a demo, it was just sitting on their lot since early 2008. Obviously they wanted to get rid of it pretty bad otherwise they wouldnt have done the deal.

 

+1 on seeking legal counsel first.

Check the car fax report for the S2000
Did you do that before you bought the s2k? The dealership may say it was clean but let’s face it; they’ll do anything to sell you a car. They may even say they told you about it when you bought the car. Got anything in writing saying it has a clean title?

Consider trading the Z back in for the s2000. Return s2000 for the full amount after threatening the dealership. I’m sure with your money back you could pay for a 08 Z and have more $$$ left over. But seek legal counsel first to see what really can be done.

 

That situation is entirely different. I'm no lawyer either but I can't see how the dealer has any possible recourse against the OP. It is the dealers responsibility to inspect the trade in - tough for them if they missed something. So how did they "discover" it after 2 weeks? Maybe from a prospective buyer who had an inspection done and took it somewhere that had a lot more expertise than the dealer? The only thing I get from this thread is the importance of doing exactly that when you buy used. Tough **** to the dealer - wonder if they are still trying to pass it off to an unsuspecting buyer? I'll bet they are...

 

For all intents and purposes, why would a brand new car have 100 miles on the odometer already?
I would never accept a car that has more than 10 miles on the odometer. To me, that makes the car used.

 

The manufacturer that I work for deems a car demo status after 500 km or 300 miles.We cannot even submit a wty claim past this if we still own the car.
It is true that many people will not buy a NEW car if it shows even a few miles on it.

 

I dont think its a problem that it had some miles on it. The car is in perfect condition, plus it was the ONLY red manual in a 100 miles radius. I had to drive 90 miles to pick it up. Plus u gotta remember i had a trade so finding a dealership to give me a good deal was hard enough, and look how that turned out..

 

Who's to say the dealer you traded your Z to, didn't cause the damage himself, fixed any body-damage, and is now trying to blame you for the frame-damage. It's up to him to prove his case. Sit tight...you'll be allright.

 

Change your Phone #...you'll be fine. Enjoy the Z....mu hahahahahahha

I have customers who do trade in with JUNKS!!! No dealer has called them back yet so your ok.

Besides tell the guy no give backs.