Automobile Acceptance paying multiple times the value Riverdale Georgia

First, I am not a lender nor a car dealer.  However, I understand how contracts work.

If you paid cash for the vehicle, then you would have had no payments. So the arrangements for the bi-weekly payments is for the loan. The vehicle is the collateral for the loan. When you stop making timely payments, the vehicle is repossessed. It's that simple. Read your contract.

The price you paid for the vehicle is based on your negotiating skill at the time of purchase.  The contract you signed is supposed to reflect the terms to which you agreed. A car dealership can not change the written contract that you signed by reprinting the contract unless you signed off on the new contract. Did the contract that you signed have a price that was greater than the KBB value? If so, your contract over rides the KBB value.

If you still have your original contract showing the original price and can show you never signed the "new contract" than take the dealership to court because that is fraud. No one can change the contract after you have signed off without your express written authorization.

HELPFUL HINT:  When you go to court, just concentrate on the contract substitution and don't mention all those items that have nothing to do with the sale of the vehicle (like the oil leak and other repair issues). It will seriously reduce your credibility.

In fact, it would be better to get an attorney to represent you if you can show that they changed the contract after you signed it. Remember though, courts work with evidence, not just a 'story'. So get your facts and documentation together and start interviewing consumer attorney's to see if you have a viable case.