I'm being swindled! Please help!

[Slartibartfast]

OP... at most, you're out $100. While I am in Canada, where "Bill of Sale" laws may be a little different, I quite confident that you have not done anything wrong. The dealership can keep your deposit though. You requested a car be brought in, and often there is a cost to that. They have put in some work, it's up to them if they want to keep the $100. At my dealership we never keep deposits unless we have incured expenses in getting the car, or installed parts. In ten years, I've seen two deposits kept. If you leave the dealership happy, you're more likely to return in the future. Just makes business sense.

The finance manager however, is flat out lying to you by saying you'll have a better chance of being approved by purchasing warranty or insurance. While banks like to see loans protected, it does not effect approval. What he/she did is called tied-selling, and it's illegal. Canada or US. Illegal, and unethical.

Originally Posted by jeebus

LOL, I've purchased 20 cars. I've gotten at least 12 car loans. I have never been offered, or even heard of, life insurance being offered.

I guess I'm clearly not educated in looking like someone that is easily swindled.

12 car loans and never offered credit protection (life/accident & health/ job loss insurance)? Unless it's something the dealership does not have to offer (which is rare), I call that negligence on the part of the Finance Manager. It's something that can be a huge benefit to you, and is an available option that you can't add after the inception of the loan. Do you have to take it? Not at all. But, isn't it better for you to make that decision, rather than the Finance Manager pre-judging in thinking you don't want it?
I've been a Finance Manager for a long time, and I can tell you honestly that I have NEVER swindled anyone. I'm proud to work at a dealership that adhears to a "full disclosure of available OPTIONS" policy. It's just a nicer way to do business.

Really didn't mean to make that a rant. (the CAPS above are meant for emphasis, not yelling) Really all I'm trying to say is that you should always have the option to structure the deal in the way that you want it. Many people don't really know what all of their options are though. Everyone should always ask. Information is free, and it's always better to make an informed decision.

[travace]

Originally Posted by Benzy

I've spoken an attorney, and in Colorado, state law dictates that if you signed paperwork BEFORE the car is on their lot, and have not taken delivery of the car you are not liable to buy that car.

However if you signed it while the car was on the lot, and left it there to have work done or something that is a "delayed delivery" of the vehicle and you are liable to purchase.

Lucky for me I signed before the car was there.

when I went into the dealership, they tried to pressure me into taking it for a test drive.
Which would have consummated my contract, leaving the dealer riding in the passenger seat free to get out of the car and say, this is now your vehicle.

I didn't take it for a test drive.

They offered me a price with 0 down, 5% apr, no extra stuff, offered to throw in the five axis spoiler and repair the bumper that they drilled (when I explicitly requested them not to).
They offered all this directly after I mentioned reporting a claim to the board of dealers.

After I left I called toyota motor finance to talk to them what was going on, and they suggested I file a complaint through corporate. I called them up and told them the story, they said the only thing they can do is file a report, and send it to the dealership, which I did. So I will also be making a claim through the board of dealers and faxing it in tomorrow.

Also, to all those questions, about if the 34k was after the interest, it was prior to it.
The price after interest, the "total sale price" was 44805.25

Also, I declined the life insurance because I am in the military, I have a 500k plan that I already pay into.

holy crap that is crazy... how are they getting away with selling it for so expensive with scions no haggle thing... i know they do the packages thing(they got me with that shit) but up to 34k worth? then 10 in financing? damm that seems crazy.

[Sportsguy83]

Originally Posted by Benzy

Also, to all those questions, about if the 34k was after the interest, it was prior to it.
The price after interest, the "total sale price" was 44805.25

Forty four BLEEPING thousand dollars???

DAMNNNNNNNNNNN that's out of control!!

[Benzy]

If they still try to hassle me into buying this car I'm considering going to the media.
This town is not very big, only around 500k people live here.
We have 4 military bases, and 2 military off sites, it is a VERY military heavy town.
If word gets out that this dealership is trying to scam young military people, they will get a TON of negative publicity

[jeebus]

Originally Posted by Slartibartfast

12 car loans and never offered credit protection (life/accident & health/ job loss insurance)? Unless it's something the dealership does not have to offer (which is rare), I call that negligence on the part of the Finance Manager. It's something that can be a huge benefit to you, and is an available option that you can't add after the inception of the loan. Do you have to take it? Not at all. But, isn't it better for you to make that decision, rather than the Finance Manager pre-judging in thinking you don't want it?
I've been a Finance Manager for a long time, and I can tell you honestly that I have NEVER swindled anyone. I'm proud to work at a dealership that adhears to a "full disclosure of available OPTIONS" policy. It's just a nicer way to do business.

Really didn't mean to make that a rant. (the CAPS above are meant for emphasis, not yelling) Really all I'm trying to say is that you should always have the option to structure the deal in the way that you want it. Many people don't really know what all of their options are though. Everyone should always ask. Information is free, and it's always better to make an informed decision.

Maybe it's a Canada thing, eh?

I'd say with 1/2 of my dealer car purchases, I have gone in with financing already lined up through Capital One. They approve me, give me a check, and I go to the dealer with it. After I've negotiated the price of the car I tell them "oh yeah I don't need financing" and show them my check. They then ask if they can try to beat whatever rate I had. I tell them sure. Twice they have been able to, and I have accepted.

I can't remember ever being offered life insurance for the loan, etc. Maybe it's because by the time we are to that point, they can tell I am not a sucker for nonsense. The only protection I ever accept is GAP...and that's when I'm putting nothing down.

[brewksy]

Originally Posted by execoll

It is illegal to require the products be purchased in order to qualify for a loan. So don't fall for that line. Just a heads up for some of the younger members that may not have had a lot of experience with finance.

This. It's called Tied Selling and it's illegal. This dealer is shady and using coercion to get you to take this car. Get a lawyer.

[gunitrecord]

you are the only military person i ever see getting punk by dealer. smh

[RRnold]

Originally Posted by gunitrecord

you are the only military person i ever see getting punk by dealer. smh

Right!! Since San Diego is a big military town, the dealerships love the young military guys like inmates love new pedo inmates.

I don't know why you guys (military) become victim to dealership salesmen when buying a car or motorcycle. I hear it all of the time especially with Marines buying a new Gixxer/Yamaha/Honda/Kawasaki for 10K with 12-16% interest rate.

OP, glad you were able to get out it and tack it down as a lesson learned.

[S2kphile]

Originally Posted by RRnold

Right!! Since San Diego is a big military town, the dealerships love the young military guys like inmates love new pedo inmates.

I don't know why you guys (military) become victim to dealership salesmen when buying a car or motorcycle. I hear it all of the time especially with Marines buying a new Gixxer/Yamaha/Honda/Kawasaki for 10K with 12-16% interest rate.

It's because they're usually 18-20ish year olds thinking that $1500-$2000 a month is a lot of money. It's the same mentality of a kid living at home with his/her parents and only paying for their material possessions.

They haven't fully matured to understand financial responsibility and blow majority of their earnings on luxury vehicles and other tangible materials without saving it because they see a steady check coming every month.

With that being said, I really don't mean any disrespect to any of our military veterans because they fight for our freedoms. And if they want help with their financial future I'm more then willing to give them a free consultation.

And I'm glad the OP is getting out of a possible financial hole. Learn from your mistake and make better decisions in the future.

[whaap]

Originally Posted by RRnold

I don't know why you guys (military) become victim to dealership salesmen when buying a car or motorcycle.

Probably because they're a bunch of teenagers who are away from home for the first time and they still have a lot of growing up to do before being capable to take on the real world.