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No, that means they would be violating the contract that has already been sign. ADDED: YES, they can. You MAY have action against them in civil court but the fact is you obviously didn't pay them full price for the car, and they (or you) cannot find anyone to finance you, then you do NOT own the car, and they will re-possess it. If the title has never been transferred into your name you do not own the vehicle.

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Q: Can a car dealership come back 1 12 weeks later and say they can't finance you after everything was signed?
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