Universal Financial Company

Before financing or leasing a vehicle make sure you have enough income to cover your current monthly living expenses. Then finance new purchases only when you can afford to take on a new monthly payment. The only time to consider taking on additional debt is when you're spending less each month than you take home. The additional debt load should not cut into the amount you've committed to saving for emergencies and other top priorities or life goals. Saving money for a down payment or trading in a vehicle can reduce the amount you need to finance. In some cases your trade-in vehicle will take care of the down payment on your vehicle. ~~Read and understand all contract terms and conditions paying special attention to cancellation and refund policies. Determine if the terms are as represented and that any trade-in is reflected correctly. Ask for written clarification of any unclear clauses. Cross out items you didn't request such as an extended warranty. If the written cost of the vehicle or your trade in does not match the settled upon price DO NOT SIGN the contracts. Keep in mind that once signed a contract can be difficult if not impossible to break.~~You also may be able to cancel a contract if your consent to it was obtained by the seller's fraud high pressure tactics or misrepresentation. Another reason might be if the product purchased fails through no fault of yours. If your consent to the contract was induced by the seller's fraud or was given by mistake under duress menace or undue influence you can also elect to rescind the contract. The buyer also has a right to rescind a contract when the contract is unlawful for causes which do not appear in its terms or conditions. The provisions on rescission also apply when the right to rescind is conferred under another statute the California Unconscionability Law. A court has the power to refuse to enforce a contract or a clause in a contract that is deemed unconscionable.