HRS §437-31.5
When a car sale or lease falls through due to financing
This section says that if a car purchase or lease depends on getting financing, and the buyer does not qualify based on the credit application they signed, the deal is void—even if the buyer already has the car. This applies to new and used cars sold by a salesperson or dealer.
buyersstate agencies
The statute, as written — New or used motor vehicle sales and lease contracts
Regardless of whether or not the buyer has taken possession of the motor vehicle, a new or used motor vehicle purchase or lease agreement by a salesperson or dealer shall be void if the agreement is contingent upon the financing of the purchase and, pursuant to the financing or credit application signed at the time of purchase, the buyer is unable to qualify.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.