i recently traded in my 01 tacoma for a smaller toyota yaris. i still owed 16000 on the truck and the trade in value was only 8250. i still owed 7750 which got added onto the price of my new car. my combined total for the new car was about 27,000 to finance. my bank would'nt even deal with me because the amount financed exceeds 20% of the cars value which is only 17,000. so toyota financed me and we wrote a contract. today i was told toyota cannot finance me because,like my bank, it is too much of a risk. i am in possession of the new car, they still have my truck...at least i hope they do, and i already have 1,000 miles on the new ride. i was told the only way it will work out for toyota to finance me is for me to put more money down which i dont have or for them to jack up my interest rate. what should i do? tell them to screw off because i already have a contract? what will happen if they want the car back with 1000 miles on it? make me pay for the wear and tear?
2006-12-12
16:52:18
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7 answers
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asked by
Anonymous