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Originally Posted by Chattanooga FR-S
So did you end up getting the used car for $28k at 4.99%, or did you and the dealer work something out?
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Ended up paying that for the veh itself. Would have incurred thousands of dollars in expenses if I were to cancel the contract. The President of the dealer though really did want to try to work with me and did offer to resell the veh for me. However I still had to pay insurance on the veh, and basically give the 10k as a downpayment because the loan was approved and everything, but when they resold the car I would get all my $$ back. That being said though I would basically have to give all this money for a car I wouldn't have and be patient until they resold the veh. In time I might lose out on the opportunity to buy another vehicle as this is the time of the year when people are buying these sorts of cars.
In the end I figured it would be just less hassle to get the car as was presented and the President did say he'll do everything he can to ensure I'm happy whenever the car comes in for servicing so that's a bonus. In regards to the financing, Im just going to do my best to pay it all off asap because it is an open loan so I can pay it back without penalty.