Dealer is screwing me over!!! - Page 3

BudmanHemi · 04-28-2004, 10:13 AM

Please go here, and protect yourself. Read this article, and stand up for your rights. If they offered a lower interest rate first, and got it approved the bank did not raise it dealer did.. There screwing you over.. Read this, and then go kick some ***!!!
http://auto.howstuffworks.com/car-financing4.htm

ZubbyZu · 04-28-2004, 10:34 AM

Quote:

Originally Posted by titanized

If you are happy with your truck...I would talk with management and threaten to return the truck unless they drop the price to invoice for the loops you had to jump through because of their lying, misleading tactics, then after they agree to the lower price and you go back to the finance office...whip out the Credit Union check and tell them you have your own financing. Once that is presented, you know they are going to say they can match or beat the C.U. rate and have you finance with the dealer (so they get more $$), tell them to go F#CK themselves, and that you rather have the C.U. get your interest.

I know everybody says the dealers are the a$$holes in the auto business. There are some honest dealers out there, but the real LYING, MISLEADING, CROOKED SONS-OF-*****ES are the finance guys. I went round and round with mine trying to sell all the extra crap, and then they tried to tell me my Beacon score was below 700 and I had to take a higher rate. He went white as a ghost when I called him a lying mother f%#ker and pulled out my credit rating from all three credit burueas (sp). Needless to say I went with my C.U. as well. Good Luck Veejay

Since he has closed (signed) on the deal, he may be stuck with the agreed upon terms which in my opinion is not favorable to him. That is if the dealer/finance suddenly "pulls a rat" out of the hat and discovers financing for him.

He is getting a better rate from the CU. He should not give this particular outfit another opportunity to mess him over again. With no financing pressure, he will find another Titan to enjoy.

Pulling his own credit and is a good idea. If the CU will finance the truck at a lower rate, it may not be that bad. It takes a few minutes on the web and should be free since they claim he was turned down. This provides him with more options during negotiations at a different dealer off course. My .02 cents

BudmanHemi · 04-28-2004, 11:06 AM

Quote:

Originally Posted by ZubbyZu

Since he has closed (signed) on the deal, he may be stuck with the agreed upon terms which in my opinion is not favorable to him. That is if the dealer/finance suddenly "pulls a rat" out of the hat and discovers financing for him.

He is getting a better rate from the CU. He should not give this particular outfit another opportunity to mess him over again. With no financing pressure, he will find another Titan to enjoy.

Pulling his own credit and is a good idea. If the CU will finance the truck at a lower rate, it may not be that bad. It takes a few minutes on the web and should be free since they claim he was turned down. This provides him with more options during negotiations at a different dealer off course. My .02 cents

In less then 3days you can return whole truck, and back out. Over that you cant. There is a deal like that for fraudelent financing, but i cant remember, and lawyer fees may kill ya there. This happens all the time, and there is a secret too this whole thing though, and its a good one for everyone.

Say, you got 10.9% financing, and your beacon score is well below that rate. Drive too another dealer, and ask them too refinance. larger dealers will do this at a better rate, cause the more bank participation, the easier it is too get bad beacons financed. Even if his beacon was a true 6.9% which i dought it was. I think it was actually lower. The new dealer will finance him at 7.5%, and if his beacon score was actually lower in the beginning, he may get lower then 6.9% and dealer still cashes in. He could also take 1,000 cash in hand, pay less payment, and buy accessories for the truck. Larger dealers are more likely too do this. If all cause is lost, i can point him in the right direction if he lives in the MD/VA area. Your not stuck with the payment. You still have time too shop for a better rate. Do it why rates are low, and dont pay for you vehicle long. You lose equity. Do it now, all is not lost.. You may be suprised at what can happen..

FLfinfan · 04-28-2004, 11:09 AM

Get a different Titan from a different dealer. Drive up with both trucks (need a friends help obviously). Take a video camera and do a filmed "walk around" as you turn it over to them (so they can't try to say you returned it damaged) and let them know someone else got your business and you will be spreading the word about how they do business.

titanized · 04-28-2004, 11:20 AM

Quote:

Originally Posted by FLfinfan

Get a different Titan from a different dealer. Drive up with both trucks (need a friends help obviously). Take a video camera and do a filmed "walk around" as you turn it over to them (so they can't try to say you returned it damaged) and let them know someone else got your business and you will be spreading the word about how they do business.

I agree with this idea 100%...when my fiance and I lived in Orlando, going to UCF, we had problems with the apartment owner for keeping a gas grill on our door step (Do not go to River Park Apts in Orlando near UCF...if it is the same owner from 4 years ago), Yet the firefighters that lived there were aloud to keep theirs. Long story...when I left, you were suppose to schedule a walk through, when I turned the keys in, they asked if I was ready for a walk through, I said "Nope, I took pictures and I expect my total deposit refunded"...which it was. Proof is in the picture/video.

RedMunsta · 04-28-2004, 11:56 AM

Quote:

Originally Posted by titanized

I agree with this idea 100%...when my fiance and I lived in Orlando, going to UCF, we had problems with the apartment owner for keeping a gas grill on our door step (Do not go to River Park Apts in Orlando near UCF...if it is the same owner from 4 years ago), Yet the firefighters that lived there were aloud to keep theirs. Long story...when I left, you were suppose to schedule a walk through, when I turned the keys in, they asked if I was ready for a walk through, I said "Nope, I took pictures and I expect my total deposit refunded"...which it was. Proof is in the picture/video.

You're lucky. If it is stated in your lease that a final walkthrough is performed with the landlord or representative of said, you may not squeek by with pictures. You may say that the pictures were taken at a certain time, but the landlord can also take pictures with dating on them. In other words, who's pictures are correct?? In most cases, if you didn't follow that lease agreement to a walkthrough, the judge will side with the landlord and believe his/her pictures. I am a landlord and have had renters try to pull that crap on me and have won every time in court.

titanized · 04-28-2004, 12:10 PM

The walkthrough was not in the lease, just recommended by the Office. And if you are using a digital camera, which most are digitally encoded to tell if they have been edited, even the date, and when it matches the final signing date there is no question as to when they were taken.

1Titan · 04-28-2004, 03:57 PM

Quote:

Originally Posted by veejay

Well I bought my Titan last week. Negotiated w/ dealer and they got me 6.5% financing. Signed the contract, drove the truck home and I was a happy customer!!

I get a call today and they say they cannot offer the original APR they offered, but it will be around 10%. They said to call my credit union and apply through them. Worst case scenario they will take the truck back and give me back my trade in if I cannot get the loan through my credit union or cannot work it out with the dealer management.

What should I do? I already applied through my credit union, but honestly don't think they will approve. I don't have the best credit in the world. I will find out in about 24 hours.

If they do approve my app then I am going to a different dealer! "Here's the truck back... I got approved, but I'm not getting the truck from here!"

Salesman said it was "slim to none" that they would take the car back if they didn't approve the loan. That was when I was signing the contract. Pissin me off can't wait to get the survey!!!!

Anybody experience anything like this? What was done? What could be done? How did it turn out? btw, I paid about 1000 over invoice for XE KC4x2 in SoCal

Veejay- unfortunately I am not an attorney but man I always thought after you sign a contract you are binded. I think they and the other guys replying are correct however and unfortunately that they can just say return the truck. Obviously it's a one-sided deal. If you were to say after signing all those papers you changed your mind and wanted to return it they would tell you no way look what you signed!
Anyway if you have to return it can you do me a big favor? Could you go to a remote location where it is safe and nobody can call the cops on you and no one will get hurt. Put the vehicle in Park and depress the accelerator all the way to the floor for approximately 1 minute and have someone take a picture of this activity and perhaps a nice sound clip then post it on the forum. It might make some of us smile knowing that you had some fun before you had to return it because they are screwing you over.If they ask you why the back tires are bald just tell them it's a normal condition like warped rotors at 2000 miles!!!!!!!!!!!!!! --Take Care!!!

*munkeebinis* · 04-28-2004, 04:51 PM

As far as contracts go, they are binding agreements, however, I'm sure the dealer (the drafter of the contract) has included many escape clauses for situations just like yours. In such a case, they can cancel the contract without any legal penalty. You should always read the fine print. I'm sure that even had you known about these clauses you would have signed because you probably didn't expect your quoted APR to be rejected, but atleast you would've been aware of what the situation is. It seems unfair and I know I'd be very POed at the dealership but what can you do? Best just to cut your loses and return the truck, or work out a new deal to keep it. I don't recommend running the truck into the ground or bringing it back all muddy because you'll only make things worse for yourself.

As far as buying things on such long term payment plans, one person mentioned that if you can't pay it off in 3 years then you can't afford it. My view is that with luxury items (cars, boats, vacations, etc.) if you can't pay for it straight-up at the time of purchase then you shouldn't buy it. Now that doesn't mean you should pay for it in full right at the beginning, but you really should have the money to back up the purchase. I apply this items such as cars and other things that I'd like to have but don't necessarily need. This doesn't, however, apply to things such as real estate (which will either be your home or a source of income for you) or other business related expenses.

Basically, if it earns you money or it's an absolute life necessity then buy it on credit with no backup, otherwise, always have the money in the bank to backup your purchase.

1Titan · 04-28-2004, 04:56 PM

Quote:

Originally Posted by 1Titan

Veejay- unfortunately I am not an attorney but man I always thought after you sign a contract you are binded. I think they and the other guys replying are correct however and unfortunately that they can just say return the truck. Obviously it's a one-sided deal. If you were to say after signing all those papers you changed your mind and wanted to return it they would tell you no way look what you signed!
Anyway if you have to return it can you do me a big favor? Could you go to a remote location where it is safe and nobody can call the cops on you and no one will get hurt. Put the vehicle in Park and depress the accelerator all the way to the floor for approximately 1 minute and have someone take a picture of this activity and perhaps a nice sound clip then post it on the forum. It might make some of us smile knowing that you had some fun before you had to return it because they are screwing you over.If they ask you why the back tires are bald just tell them it's a normal condition like warped rotors at 2000 miles!!!!!!!!!!!!!! --Take Care!!!

OOPS! Typo I meant to put it in drive not Park! Now take a picture and enjoy!!

Slick50 · 04-28-2004, 07:33 PM

Contracts are indeed binding agreements. They can also be effectively challenged on any number of grounds. Without really knowing the specifics of this case it is impossible to know what grounds you may have, or even if the contract is enforceable, or at this stage, binding on both parties. You can contact your State's Attorney General Office and ask for their assistance, or get proper private legal review of the documents. Of course, by now all of this may be too late. We all wish you the best.
slick50

*munkeebinis* · 04-28-2004, 11:33 PM

Just return the truck, get every cent of your money back, and work on getting another Titan in the future. Now you know the pitfalls and I'm sure you'll be more careful about all the details. Look at it on the bright side, you got one helluva rent-a-car and you didn't have to pay anything for it.