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Message: <blockquote data-quote="ashockney" data-source="post: 1978223" data-attributes="member: 1363">Having worked in banking for over 10 years I can tell you that most dealerships use very standard legal contracts, that have been honed over years of experience, and broken down to impossible level of details to protect the dealerships.  Right on the contract, there is a required disclosure (by law) that indicates the value of any trade in, and the amount you are requesting (to finance).  I'm willing to bet there's absolutely nothing mentioned in that "trade in" line.  Which means what you've now got on your hands is two really solid contracts.  Both which indicate you do owe them the money.  Even returning the car could prove an expensive proposition (as you are - in effect - in breach of that contract).  If you can get out of the new contract relatively inexpensively, you should take that opportunity.Not having insurance, and not having a car, will leave you in quite a bind.  You'll need to work out a budget, to identify how best you can handle what you owe on the existing contract(the wrecked car), and how much you can afford to get back into a reliable car.  If the bind is serious enough, you should consider contacting a lawyer to discuss options on the damaged car (ie, they can't get blood from a turnip, and the car sounds like it's really damaged).  So, then there is the matter of the poor salesmanship demonstrated by the dealership (particularly if they implied in any way that they would remove the burden of your old car).  Your best bet, as indicated above, is to report it up the food chain (at the dealership), and possibly to involve third parties such as the BBB or the media.  I would recommend the latter only in extreme circumstances, and even then, only after consulting with a consumer advocate expert.</blockquote>

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