Hi all there,
We have been looking at cars to buy and are pre approved with our bank for a new car with 5.5% rate for 6 years. I found a car I liked and agreed on a price. I signed the bill of sale contract but my wife has not. I have not taken delivery of the car yet. Now bank told us that this car being used we no longer qualify for that interest rate or the 6 years and it will raise our payments per month. Please advice if we are legally bound to this contract if our bank said no and my wife did not sign yet?
thank you!

Check out if you can return the car within a week of taking possession. It would appear that there's no need to ponder the matter any further as to who might be obligated for what under the sale contract if in fact you've never even taken such possession.