recently bought a used Corolla at a Toyota dealership, I have yet to pick it up. Over the phone we were told a bunch of BS which turned out to be false once we saw the car (it had more mileage, was NOT certified etc..). So, through negotiations, we were able to get 14K "out the door" and an additional bumber to bumper warranty for 36K miles at NO COST.
Through financing, our rate was 9% and so we were told that resulted in a monthly payment of $280/mo for 14K "out the door".
They fudged with the numbers and charged us 7.84% for 16K total claiming that they had to fudge with the contract to "get us" our exteneded warranty because it was worth $2000. He even showed us that the total interest was still the same at $4152.
Once I got home, I plugged it all into a loan calculator and found out that 14K out the door @9% was really $250/mo and, yes he was correct that $4152 interest would be paid, but he forgot to mention that increasing our total to 16K upped our principal by $2000
2007-01-03 19:55:24 · 10 answers · asked by Betsy1 1 in Politics & Government ➔ Law & Ethics
Don't trust used car salesmen. You should be able to cancel if you haven't picked it up yet. It depends on the state as to your specific rights. Check with the state Attorney General Office.
If you are paying that much per month why don't you get a new Corolla? I am pretty sure that the lower rate on new cars will balance it out and you will end up paying about the same.
Legally speaking you have no contract if there is a misrepresentation as you seem to indicate here. Also, there has to be a meeting of the minds with regard to the terms of the contract which is not the case here. If they try to enforce the contract, which they won't, you will be able to avoid the contract under most common interpretations of contract law.
2007-01-03 20:04:53 · answer #1 · answered by C B 6 · 0⤊ 1⤋
I saw a thing about this on the news a few years ago. Some car dealerships do this all the time. Many people dont do the math and don't realize they were over-charged.
Your best bet is to try and negotiate with them and see what they'll do for you. You might not be able to recover in court because it's basically your word against theirs.
Report them to the Better Business Bureau. You might want to call your local news station and see if they like the story. It would be especially helpful if you could find others to whom did the same thing. YOu never know, try googling the name of the dealership and see if anything comes up.
What I would do is go picket their dealership. Make a big sign that says something like "Give me my $2000 back" or "Make sure to double check your contract" or maybe a simple "LIARS."
2007-01-03 20:06:16 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Don't you know you can not trust a car salesman!!!! They live on commision they will say and do anything to make a sale. My daughter (20 yrs old) went to a Toyota dealer ship and she was ripped off so bad. She totaled the car 3 mo. later thank God her insurance pd off and she got out of that mess. They got her for the extended warranty and it cost her $2000 they acted like they were dong her a favor. Some states do have the 3 day clause I would ck and see if your state does if nothing else I would report them to the BBB. Good Luck!
2007-01-03 23:44:12 · answer #3 · answered by d3midway semi-retired 7 · 0⤊ 0⤋
In most states you have the right to return the car within 3 days of purchase, (in the same condition as it left the site) without penlety. Take it back, get you money.
You can buy a new car for 14K from a dealer. Yes it may not have all the bells and whistles but I would not trust a dealer who is forcing a warrenty to protect himself - not you - on a sale.
2007-01-03 20:06:09 · answer #4 · answered by Carl P 7 · 0⤊ 0⤋
Read the agreement you made with the dealer. If you signed it you may be responsible for it. It sounds as if you had to have insurance on it to get it off the lot, in which case you probably signed some type of form saying you would keep the insurance on it. If so you may be in trouble. Read that agreement, read whatever you signed from them, that stuff's in those contracts for a reason. They can hold you to it. Speak with an attorney asap if you need to.
2016-05-23 01:55:04 · answer #5 · answered by ? 4 · 0⤊ 0⤋
I don't know what state you live in, but that sounds like a load of crap.
I'd find out what the insurance carrier is, call your state's insurance department and also the BBB about the dealership.
If the dealer is not licensed to sell insurance, they are in a heap of trouble.
2007-01-03 19:59:31 · answer #6 · answered by MoltarRocks 7 · 0⤊ 0⤋
Talk to the President of the Dealership.
Let him explain to you about the numbers.
2007-01-03 20:05:26 · answer #7 · answered by Tenn Gal 6 · 0⤊ 0⤋
The contracting parties must abide by the agreement. Thus, you can sue if you think the other party violated the stipulations.
2007-01-03 20:17:44 · answer #8 · answered by FRAGINAL, JTM 7 · 0⤊ 0⤋
If you signed the papers, then you are responsible. No matter what they tell you, what is written down is what counts.
You can call the Better Business Bureau to see if they can help.
2007-01-03 20:00:24 · answer #9 · answered by Chief BaggageSmasher 7 · 0⤊ 0⤋
You should have had a lawyer look over your contract before. Now, you may need one because of a faulty one. I might have something to help and to prevent future issues like this one!
2007-01-04 00:48:10 · answer #10 · answered by gatorgirl 5 · 0⤊ 1⤋