Question Details:I purchased a certified pre-owned Acura MDX from a Acura dealer. I test drove the vehicle and was shown a Carfax stating no accidents, I stressed to salesman that I didn't want a car with accidents. 2 months later I was shopping around for cheaper insurance and was made aware of an accident the SUV was involved in. I would never have bought it if I knew about the accident. I have contacted the dealer and requested renegotiation of the sales price. How do I calculate the price difference and what are my rights, can I get out of the contract?
To calculate the price evidence, you'll need to look for websites that provide information about the price (or price depreciation) of cars after an accident; you could also contact car dealers and ask to get written quotes for the trade in value of your car with the accident, and compare to the price you purchased it for.
If there was a written term in the contract that stated that the car had never been in an accident, you could allege that the dealer violated the contract by selling you a car that had been in one and use that as grounds to try to get out of the contract--though you could expect a fight, since it's very doubtful that the dealership will be willing to give up the sale entirely. Without a written term about accidents, it would be more difficult to void the contract entirely, though if you at least have the original CarFax, you'd be on good grounds to sue for a price reduction based on the value difference, if the dealership does not voluntarily negotiate some reduction.