<prompt> Human: Some info, I bought a car on Monday from a national chain dealership. Wasnt the best deal but it was my first car and I have terrible credit. Well, yesterday I received a call from my dealer saying he wants to save me money by getting me to sign a new contract. Obvious fed flag right? The best I can surmise is that he sold me on a contract that wasnt approved yet by the bank. And now wants to get me to sign on new terms. Obviously I have a binding legal contract so I assume I dont have to agree to the new terms. Is this common? What do I do? Do I have any leverage in this situation? Sorry if this is difficult to understand, I am on mobile and not very poetic when it comes to words.UPDATE: So I went in to hear them out, when I walked into the office the gentleman had a contract printed and ready to sign. I asked why do I need a new contract, he again told me because he wants to save me money. At that point I said Im not interested in renegotiating and that I wanted to unwind the deal. He immediately closed his folder and said he would have to talk to supervisor. He left me in the office, so I left and went back to reception. 30 minutes later I am pulled aside by a salesman who told me to just save the money. I had never met this salesman and as far as Im concerned he had no idea about my agreement. I told him Id talk to the boss. 10 minutes later the boss comes out, piercing eyes and all. We sit down and again I ask why the new contract. He says literally out of the kindness of their hearts. So I have him print the new contract, I also tell him to provide a copy of the old one. I then tell him Ill be taking both to the reception area to review and make a couple phone calls. He says I can only see them in his office. I tell him that isnt true and that Ill be taking the contracts. He then folds up the copy of the original and says its his and I cant use it, so I grab the new draft and tell him that Ill take it home and be in contact shortly. He says I cant take it because its a legal binding contract. Without signatures it holds no ground I tell him, at this point he says if I walk out he will force the original contract to stand. So I was tired of the bullshit, I grabbed the new draft and walked away while he was demanding I give it back. TBH I got kinda pissed off at this guy. Maybe I didnt handle it well but it felt good to let these guys know that I wasnt gonna be their bitch. For whatever reason they dont want the original contract to stand. Their behavior seems to indicate a fuck up on their end. Considering hiring an attorney.TL;DR They gave me the run around so I walked out with a copy of the new contract to be analyzed by an attorney.Assistant: I would see what he has to offer but obviously dont sign it unless its truly better. Some dealers do right by the customers because its not about being short sighted its about getting referrals and returning business.Human: Automobiles are one of the most brand-loyal purchases there are. While the shady used car salesman is a stereotype born from experience, a smart seller knows that retaining the customers trust and business will pay off big time. If OP has bad credit, I could imagine the dealer figuring out a way to get better terms by the end of the week. Like you say though, its just a matter of looking carefully before taking the offer.Assistant: I believe what happened is that he extended my loan length in order to get my monthly payment down. But he did not have permission to do so. So hes asking to shorten my length, which would lower my over all payment in the long run, but would up my monthly back over my limit. Kinda seems like a bait and switch kinda thing. Plus there is no penalty for early payment so why would I sign that deal. But I will be going down to the dealership later today to find out.Human: If you really want to evaluate it, post it here in an update and remove the really personal information. People here love to go through that stuff. Assistant: Id be embarrassed, I got a really bad deal I think. I was in a huge bind because my car shit out. Dont really have a support system so I was solo and a first time buyer. Hell a year and a half ago I didnt even have a home, so this is all new. That said Im not an idiot, just got taken on this one.  <response>: Sounds like you have an easy out if the financing fell through. They cant force you to agree to different financing. 