Need Help ~ Car Dealership (ugh) | |
Anonymous Coward User ID: 1240132 United States 01/26/2011 11:00 AM Report Abusive Post Report Copyright Violation | |
Hawk0
User ID: 297515 United States 01/26/2011 11:01 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1193530 United States 01/26/2011 11:02 AM Report Abusive Post Report Copyright Violation | Soooo I bought a car from a dealership, and got a call the other day, they told me the bank changed their terms and the payments would be going up. I told them I can't do that, so they are looking for another car to put me in. I am really pissed off. Quoting: Tali...TaliHow to deal with them now? And also can I just ask for my down back and leave. Do not buy the car if you cannot affoard the payments car dealerships will actually do this a lot. If you are open to another car, go for it. Otherwise, just get your money back, Sometimes dealerships will even let the person drive off with the new car and the loan is not finalized. Then when it fails to go through, they have to bring the car back.. Just don't let yourself be pushed around |
Tali...Tali
(OP) User ID: 1018633 United States 01/26/2011 11:02 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 941862 United States 01/26/2011 11:02 AM Report Abusive Post Report Copyright Violation | |
Tali...Tali
(OP) User ID: 1018633 United States 01/26/2011 11:03 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1240132 United States 01/26/2011 11:03 AM Report Abusive Post Report Copyright Violation | |
NeoFist
User ID: 1178513 United States 01/26/2011 11:04 AM Report Abusive Post Report Copyright Violation | Soooo I bought a car from a dealership, and got a call the other day, they told me the bank changed their terms and the payments would be going up. I told them I can't do that, so they are looking for another car to put me in. I am really pissed off. Quoting: Tali...TaliHow to deal with them now? And also can I just ask for my down back and leave. Yes you can get your payment back. You were put in "special finance" because you have a very low or very poor credit "beacon". If you don't absolutely need a car right away or and you don't live in Texas, Southern California or Arizona, you should save up for a few more months and buy cash or put more than half down on a car. You will get a better interest rate and can still "build" credit if you still believe in that crap. [link to www.youtube.com] A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor and bread it has earned - this is the sum of good government.-- Thomas Jefferson |
Tali...Tali
(OP) User ID: 1018633 United States 01/26/2011 11:05 AM Report Abusive Post Report Copyright Violation | All states give you three working days to change your mind, if you are past this three day grace period you need to call your local BBB office. Then call the lending institution directly and ask them, it is illegal to change your contract after you signed. Do not let them off the hook, if you do not get anywhere call your local radio or TV station and ask them to check it out. This will get you an immediate response from the dealer, they cannot afford that type of publicity. Quoting: Anonymous Coward 941862It's past that grace period. If I have to get nasty I will. So far they only have $200 of mine and a check for more post dated for friday... Even if i cancel that check and say forget the $200 am I still fucked with the contracts? Our perfect companions never have fewer than four feet. ~Colette |
508527
User ID: 1226246 United States 01/26/2011 11:05 AM Report Abusive Post Report Copyright Violation | op, i'd ask the dealer who the finance company was and call them directly and ask them if they had any underwriting changes recently. Last Edited by 508527 on 01/26/2011 11:06 AM |
Tali...Tali
(OP) User ID: 1018633 United States 01/26/2011 11:06 AM Report Abusive Post Report Copyright Violation | Soooo I bought a car from a dealership, and got a call the other day, they told me the bank changed their terms and the payments would be going up. I told them I can't do that, so they are looking for another car to put me in. I am really pissed off. Quoting: Tali...TaliHow to deal with them now? And also can I just ask for my down back and leave. Yes you can get your payment back. You were put in "special finance" because you have a very low or very poor credit "beacon". If you don't absolutely need a car right away or and you don't live in Texas, Southern California or Arizona, you should save up for a few more months and buy cash or put more than half down on a car. You will get a better interest rate and can still "build" credit if you still believe in that crap. I live in AZ? Our perfect companions never have fewer than four feet. ~Colette |
Anonymous Coward User ID: 1101842 United States 01/26/2011 11:08 AM Report Abusive Post Report Copyright Violation | All states give you three working days to change your mind, if you are past this three day grace period you need to call your local BBB office. Then call the lending institution directly and ask them, it is illegal to change your contract after you signed. Do not let them off the hook, if you do not get anywhere call your local radio or TV station and ask them to check it out. This will get you an immediate response from the dealer, they cannot afford that type of publicity. Quoting: Anonymous Coward 941862This is completely wrong in the state of Tennessee. No grace period law here for CARS. |
Anonymous Coward User ID: 1243449 United States 01/26/2011 11:09 AM Report Abusive Post Report Copyright Violation | Soooo I bought a car from a dealership, and got a call the other day, they told me the bank changed their terms and the payments would be going up. I told them I can't do that, so they are looking for another car to put me in. I am really pissed off. Quoting: Tali...TaliHow to deal with them now? And also can I just ask for my down back and leave. Not to be an a$$, but if you do your research, there are a crap load of great used cars that you can get for 1/2 their book value. |
Tali...Tali
(OP) User ID: 1018633 United States 01/26/2011 11:09 AM Report Abusive Post Report Copyright Violation | yep, the dealership is lying. i sell insurance and there is this one dealership in my town that will tell the customer they're all approved and even let them drive the car a couple days (to get them really committed to the vehicle) before finalizing the paperwork. then right before the paperwork is signed they say some bs like that about the lender and request a co-signer or more $ down. Quoting: 508527op, i'd ask the dealer who the finance company was and call them directly and ask them if they had any underwriting changes recently. Thanks, I'll do that. Our perfect companions never have fewer than four feet. ~Colette |
NeoFist
User ID: 1178513 United States 01/26/2011 11:09 AM Report Abusive Post Report Copyright Violation | Soooo I bought a car from a dealership, and got a call the other day, they told me the bank changed their terms and the payments would be going up. I told them I can't do that, so they are looking for another car to put me in. I am really pissed off. Quoting: Tali...TaliHow to deal with them now? And also can I just ask for my down back and leave. Yes you can get your payment back. You were put in "special finance" because you have a very low or very poor credit "beacon". If you don't absolutely need a car right away or and you don't live in Texas, Southern California or Arizona, you should save up for a few more months and buy cash or put more than half down on a car. You will get a better interest rate and can still "build" credit if you still believe in that crap. I live in AZ? Doh! That sucks. I live in Texas and from what I have gathered there is a used car "bubble" because Mexico changed it's import tax. It was ridiculously high on car imported to Mexico, especially cars over 10 years old. Mexico has drastically reduced the import tax and in certain situations eliminated it. Now Mexican national are buying older cars by the ton. It is a pretty good money maker if you know the right people in Mexico. This has, however, artificially increased the overall "value" or "cost" of used cars in certain regions, possibly the whole country. [link to www.youtube.com] A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor and bread it has earned - this is the sum of good government.-- Thomas Jefferson |
FatalWishes
User ID: 966335 United States 01/26/2011 11:10 AM Report Abusive Post Report Copyright Violation | |
Tali...Tali
(OP) User ID: 1018633 United States 01/26/2011 11:10 AM Report Abusive Post Report Copyright Violation | Soooo I bought a car from a dealership, and got a call the other day, they told me the bank changed their terms and the payments would be going up. I told them I can't do that, so they are looking for another car to put me in. I am really pissed off. Quoting: Tali...TaliHow to deal with them now? And also can I just ask for my down back and leave. Not to be an a$$, but if you do your research, there are a crap load of great used cars that you can get for 1/2 their book value. Well I'm female for one, this is men's work ya know lol... My problem is my credit and not having money to put down. Our perfect companions never have fewer than four feet. ~Colette |
Tali...Tali
(OP) User ID: 1018633 United States 01/26/2011 11:14 AM Report Abusive Post Report Copyright Violation | Soooo I bought a car from a dealership, and got a call the other day, they told me the bank changed their terms and the payments would be going up. I told them I can't do that, so they are looking for another car to put me in. I am really pissed off. Quoting: Tali...TaliHow to deal with them now? And also can I just ask for my down back and leave. Yes you can get your payment back. You were put in "special finance" because you have a very low or very poor credit "beacon". If you don't absolutely need a car right away or and you don't live in Texas, Southern California or Arizona, you should save up for a few more months and buy cash or put more than half down on a car. You will get a better interest rate and can still "build" credit if you still believe in that crap. I live in AZ? Doh! That sucks. I live in Texas and from what I have gathered there is a used car "bubble" because Mexico changed it's import tax. It was ridiculously high on car imported to Mexico, especially cars over 10 years old. Mexico has drastically reduced the import tax and in certain situations eliminated it. Now Mexican national are buying older cars by the ton. It is a pretty good money maker if you know the right people in Mexico. This has, however, artificially increased the overall "value" or "cost" of used cars in certain regions, possibly the whole country. Well thats interesting..the dealership I went to told me a lot of the mom and pop car lots have gone under and that because of some change in laws they couuldnt take my old nissan as a trade in (its running on 4 out of 6 cylinders) they told me they used to be able to, but not anymore. Our perfect companions never have fewer than four feet. ~Colette |
Deus Ex
User ID: 1221741 United States 01/26/2011 11:18 AM Report Abusive Post Report Copyright Violation | |
Native-Alien
User ID: 1242896 United States 01/26/2011 11:19 AM Report Abusive Post Report Copyright Violation | All states give you three working days to change your mind, if you are past this three day grace period you need to call your local BBB office. Then call the lending institution directly and ask them, it is illegal to change your contract after you signed. Do not let them off the hook, if you do not get anywhere call your local radio or TV station and ask them to check it out. This will get you an immediate response from the dealer, they cannot afford that type of publicity. Quoting: Anonymous Coward 941862Great advice there^ |
Anonymous Coward User ID: 870534 United States 01/26/2011 11:20 AM Report Abusive Post Report Copyright Violation | |
NeoFist
User ID: 1178513 United States 01/26/2011 11:20 AM Report Abusive Post Report Copyright Violation | ... Quoting: NeoFistYes you can get your payment back. You were put in "special finance" because you have a very low or very poor credit "beacon". If you don't absolutely need a car right away or and you don't live in Texas, Southern California or Arizona, you should save up for a few more months and buy cash or put more than half down on a car. You will get a better interest rate and can still "build" credit if you still believe in that crap. I live in AZ? Doh! That sucks. I live in Texas and from what I have gathered there is a used car "bubble" because Mexico changed it's import tax. It was ridiculously high on car imported to Mexico, especially cars over 10 years old. Mexico has drastically reduced the import tax and in certain situations eliminated it. Now Mexican national are buying older cars by the ton. It is a pretty good money maker if you know the right people in Mexico. This has, however, artificially increased the overall "value" or "cost" of used cars in certain regions, possibly the whole country. Well thats interesting..the dealership I went to told me a lot of the mom and pop car lots have gone under and that because of some change in laws they couuldnt take my old nissan as a trade in (its running on 4 out of 6 cylinders) they told me they used to be able to, but not anymore. I haven't sold a car in a few years, been out of the business since I graduated, so that is a new one on me. We used to take trades like that all the time. Must be part of the clear air act or some such. [link to www.youtube.com] A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor and bread it has earned - this is the sum of good government.-- Thomas Jefferson |
Tali...Tali
(OP) User ID: 1018633 United States 01/26/2011 11:22 AM Report Abusive Post Report Copyright Violation | All states give you three working days to change your mind, if you are past this three day grace period you need to call your local BBB office. Then call the lending institution directly and ask them, it is illegal to change your contract after you signed. Do not let them off the hook, if you do not get anywhere call your local radio or TV station and ask them to check it out. This will get you an immediate response from the dealer, they cannot afford that type of publicity. Quoting: Anonymous Coward 941862Great advice there^ Yup...also...my SO had this happen to him and his ex, they actually had to call the police and ask for escort services (not the dirty kind ya gutterbrains) to get their money back. Our perfect companions never have fewer than four feet. ~Colette |
Tali...Tali
(OP) User ID: 1018633 United States 01/26/2011 11:23 AM Report Abusive Post Report Copyright Violation | ... Quoting: Tali...TaliI live in AZ? Doh! That sucks. I live in Texas and from what I have gathered there is a used car "bubble" because Mexico changed it's import tax. It was ridiculously high on car imported to Mexico, especially cars over 10 years old. Mexico has drastically reduced the import tax and in certain situations eliminated it. Now Mexican national are buying older cars by the ton. It is a pretty good money maker if you know the right people in Mexico. This has, however, artificially increased the overall "value" or "cost" of used cars in certain regions, possibly the whole country. Well thats interesting..the dealership I went to told me a lot of the mom and pop car lots have gone under and that because of some change in laws they couuldnt take my old nissan as a trade in (its running on 4 out of 6 cylinders) they told me they used to be able to, but not anymore. I haven't sold a car in a few years, been out of the business since I graduated, so that is a new one on me. We used to take trades like that all the time. Must be part of the clear air act or some such. It had something to do with Mexico and imported used cars from US. Our perfect companions never have fewer than four feet. ~Colette |
Native-Alien
User ID: 1242896 United States 01/26/2011 11:23 AM Report Abusive Post Report Copyright Violation | Well I'm female for one, this is men's work ya know lol... Quoting: Tali...TaliMy problem is my credit and not having money to put down. Hey, this is GLP here! Many of us are "friends". If worse comes to worse, think about posting a Paypal address soon perhaps, and maybe a few of us will help out a bit. Ya never know! |
Anonymous Coward User ID: 1243298 United States 01/26/2011 11:26 AM Report Abusive Post Report Copyright Violation | ... Quoting: NeoFistYes you can get your payment back. You were put in "special finance" because you have a very low or very poor credit "beacon". If you don't absolutely need a car right away or and you don't live in Texas, Southern California or Arizona, you should save up for a few more months and buy cash or put more than half down on a car. You will get a better interest rate and can still "build" credit if you still believe in that crap. I live in AZ? Doh! That sucks. I live in Texas and from what I have gathered there is a used car "bubble" because Mexico changed it's import tax. It was ridiculously high on car imported to Mexico, especially cars over 10 years old. Mexico has drastically reduced the import tax and in certain situations eliminated it. Now Mexican national are buying older cars by the ton. It is a pretty good money maker if you know the right people in Mexico. This has, however, artificially increased the overall "value" or "cost" of used cars in certain regions, possibly the whole country. Well thats interesting..the dealership I went to told me a lot of the mom and pop car lots have gone under and that because of some change in laws they couuldnt take my old nissan as a trade in (its running on 4 out of 6 cylinders) they told me they used to be able to, but not anymore. I used to work as a car salesman so I know how they try to rip you off. Refusing to take your car as a trade-in has nothing to do with any law. Bullshit. They won't take it because it will cost more to repair than it's worth and they don't want to bother. Car salesman make up shit as they go. They are using the old bait and switch on you as well. They know your credit is bad and they think you might be desperate. Do not let them bully you. They only want one thing; YOUR MONEY. They want as much of it as they can possibly convince you to give them. Do not fall for it. Go into EVERY encounter with them from the standpoint of "They are trying to fuck me over, and I will not allow that.". They are slimy bastards who can care less what happens to you. Read your contract, understand it. You MUST have a copy of it as they are required to give you one. |
Anonymous Coward User ID: 1232829 United States 01/26/2011 11:28 AM Report Abusive Post Report Copyright Violation | Shop at Carmax. You won't have those issues. And you save a lot of money buying used. Quoting: FatalWishesOh bull. Been to carmax, not only were their cars outrageously overpriced, they had high pitched salesmen there trying to scam you as well. Just buy a used car in cash from a private seller. You'll not only get a much better deal, but probably a better car if you do your homework. Dealing with car dealers is a stressful, unhappy interaction for the most part. You are dealing with the devil. |
Anonymous Coward User ID: 1243298 United States 01/26/2011 11:29 AM Report Abusive Post Report Copyright Violation | Shop at Carmax. You won't have those issues. And you save a lot of money buying used. Quoting: FatalWishesOh bull. Been to carmax, not only were their cars outrageously overpriced, they had high pitched salesmen there trying to scam you as well. Just buy a used car in cash from a private seller. You'll not only get a much better deal, but probably a better car if you do your homework. Dealing with car dealers is a stressful, unhappy interaction for the most part. You are dealing with the devil. ^^THIS^^ |
Anonymous Coward User ID: 1198592 United States 01/26/2011 11:29 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1244233 United States 01/26/2011 11:31 AM Report Abusive Post Report Copyright Violation | I was a Finance Director in the Automobile Industry for 12 years. Here's what's going on. Cars are sold "subject to credit approval". This means that the dealer *thought*, using their best judgment, that they could find a lender for the contract under the terms under which it was written. Dealers don't let people drive cars home unless they think a lender will finance the contract. Too much risk and wasted effort. They don't want to take the car back. They don't get paid if they can't get the loan approved. It sounds like the dealer couldn't find a lender to generate the loan for the interest rate and terms you negotiated, but did find a lender at a higher interest rate. It isn't 'bait and switch' or other crap. It's a business deal that didn't work out. They wanted to sell you a car, they thought they could find a lender to match the terms you negotiated. Now they're trying to figure out a way to structure a new contract that meets your needs and the bank's. They're just the middleman, trying to sell a product. You're a consumer trying to buy a product, the lender is a financial institution trying to generate a loan. All 3 parties have to agree to the transaction. If you don't want to change to a different car or change the terms of the contract, you can return the car they sold you and get all your down payment back. No lawyer will be necessary. You can't force them to let you keep the car, because it's "subject to credit approval". |