Dealer made a mistake........what would you do?

[fledonfoot]

Originally Posted by eXtreme Burrito!

Where did 76k miles come in? Thought I read 61

Sent from my SCH-I605 using Tapatalk 2

I wasn't clear about that, now I re-read it. The customer bought a car over 5 years ago which they thought was new as it only had 61 miles. Here they are so much time later and now they find this out.

[gily25]

The downpayment usually determines the apr on the loan along with your FICO. If they told the bank $4k then either the dealership has their own grace period to come up with the money or they haven't actually submitted the loan yet. If they haven't submitted the loan, then negotiate the new terms based on how much you DO HAVE to put down. If they have submitted the paperwork, the dealer already ponied the $4k and you'll want to negotiate with them on how long you have to give them the money (get this is writing with appropriate signatures, not email). Some large dealers will have grace periods as long as 90 days on those loans so you'll have to sell some shit on ebay or pawn and come up with the money.

The lesson for everyone reading this thread...that's a common sales tactic...the loans are pre-approved (usually dealers open on Sunday) with the bank so they sold you a "generic" loan, then just played dumb when they asked you.

[idreamofdrifting]

Originally Posted by eXtreme Burrito!

You told them you had 4000 cash just chilling that you could spend? That might be the dumbest thing you could have said.


Read your contract, if they put it in there, then they have a right to come after you for it.

If they didn't, then take it and run

Sent from my SCH-I605 using Tapatalk 2

+1,000 Never Volunteer Info. Never!