If your agreement was like most auto purchases you bought your car using a RISC. (Retail Installment Sales Contract) What this means is you enter a financing agreement with the dealer with the understanding that your contract will be sold to a bank or finance outfit under the terms you have already negotiated, it is up to the dealer to sell this contract or to collect payments on it. In your case it sounds as if the dealer failed to sell the contract and he/she believes you don't know what your responsibilities acutally are. There are some important considerations but you are under no obligation to finance under different/worse terms than what the dealer offered you to start. This debacle is entirely the dealers problem not yours, without knowing more I would make these three assumptions but additional info included in your specific contract might change these assumptions. 1. You are responsible for filling out any forgotten or lost paperwork but you are under no obligation to backdate documents or to accept any other type of finance offer not previously agreed upon. Basically what this means is that if the dealer lost something you need to get back with them but you are under no obligation to enter into a new/different agreement. 2. If the dealer cannot find fiancing elsewhere and does not want to refund your downpayment / return your trade you are responsible for making payments under the RISC to the dealer per the terms of that agreement. 3. The dealer may ask you to pay the contract in full or return the vehicle, if this is the case you are entitled to a full refund of your downpayment, and the return of your trade vehicle regardless of what the dealer may tell you.
Keep in mind that this is not legal advise, and this post in no way establishes an attorney client relationship. I highly recommend that if you have additional questions or are asked to enter a new agreement, or sign additional paperwork that you retain the services of a quailified attorney licensed to practice in your state.
