I recently purchased a car and...?

Question

the dealership 1. wants to raise my payments another 50.00 and also wants me to put an extra 500.00 down after they agreed I wouldn't have to put any more money down. Can I return the car and get my down payment back or is it to late. I've had the car for two weeks and I signed a contract. Please help

Answer 1

I would return the car. That is the bait and switch. I bet the original contract is not good then or they suckered you into thinking it was a contract but was not. If you had signed a REAL contract then they can not switch terms with you. You said you purchased a car so hard to say if you meant you are buying and they are checking your credit out and letting you drive the car while they check your credit out, OR you signed something and they want to change the contract which they can not do.

Now I presume you did not sign anything. Like me they advertise $189 a month payments, BUT in the fine print it says FOR APPROVED CREDIT BUYERS. In other words, you have to have OUTSTANDING credit or like me then they they try to put the squeeze on you for more down payment and higher payment then they originally said. They let me drive the car and it took them a week to call me about the credit check. They wanted more money and a higher note which I said no way. I got a free week out of a new car at least. So I guess that is what they did to you too.

Take the car back and tell them you want your money back. You should be able to get it back. This also tells you that if you were to go to another dealer you MIGHT have the same problem.

If you have to, tell them you do not have the down payment. That when you get your income tax refund in Two months, cuz you sent it in and did not do the refund, then you will use that to put a bigger payment down. You see most people can not simply say, "I do not want the car, give me back my down payment." Sometimes, it is easier to have a lie to tell them, but you should remember it is YOUR money, they are trying to steal. Treat them like crooks. If a burglar comes in your house, do you say "Please Mr. Burglar, give me back my money." Do Not treat the car salesman like that.

The car dealer will SCREW YOU the first chance they get. They are out to make a profit. There are always other SUCKERS out there beside you who want the new car so bad they cough up the money and extra loan payment. Also, sometimes the loan company will say, "We will approve him, but he has to put more down and make a bigger loan payment, due to a low credit score." So a lot of times it is not the car salesman fault. But you do not know this.

I used to sell New cars for Hemphill-McComb a big car dealer here in Texas. Once a week we had sales classes to honor the highest car salesman and tactics to use. The puppy dog tactic was always good. Some people come in just to "Browse" around. Then the salesman tells them to leave their care there and drive the "new car" home , JUST to test drive and no obligations. Like a little puppy, it looks so cute you do not want to return it. Also with the new car, the new car smell, clean, and driving smooth, the salesman will reel them in like that.

So tell the salesman you want the car back and TOTAL down payment back. DO NOT take any BS of certain amount of money for insurance coverage or other BS as to why you can not get your FULL DOWNPAYMENT back. Tell him, you want to see the manager why you are not getting ALL your money back. If not, then tell him you will see the Better Business Bureau and your lawyer. I do not know what the dealership is like, if they are THAT lowdown or just using the regular sales practices in which then you would get ALL your money back.

But it is good to be prepared to know what to say JUST IN CASE. Never know. They might give you back all your money without a fuss and say see them when you have the down payment too. (And i am the father of Nicole Smith baby too. lol)

I forgot, if you do not have the money they may try to switch you to another vehicle or CHEAPER vehicle. So if you tried to buy a $15,000 vehicle, they may try to get you in a a$10,000 one.

Answer 2

sometimes i think these guys have no clue who answer these things. 90% of the dealerships out there, when they do contracts have what is called a conditional sales contract. in other words, they base the contract on what they believe that can get. most of the time they get it, only about 3-5% of the time they dont. when they dont, there are two options. either resign w/ a new contract meeting what the bank has approved, or get the car back. a dealership doesnt like doing either because their goal is to sell a car. i never want to call a customer back and "raise" them or tell them to bring a car back. yes, you can return the car and the dealership will give you your money back. they have to. but in some dealerships contracts it also reads that you will be responsible for miles, and wear and tear if you drove it for 2 weeks. its not bait and switch its just reality. some people dont have the best credit and thats what drives the situation. if the dealer doesnt want the car back then they can possibly reduce what they are selling the car for so that you may not have to put the $500 down, but sometimes the banks themselves specifically say you must have the customer put xx down in order for us to do the deal. or you may have signed the contract at a 60 or 72 month term and the bank may have only approved a 48-60 month term.
the contract you signed is not good until the bank approves it and finalizes it. so either you do it or give the car back, or the dealers gets to where the bank allows.
again, this generally is not something a dealer wants to do. most dealers would never try to get more out of you or raise your payments w/out a legitimate reason. if its just for profit its illegal, and dealership dont want to risk doing something illegal especially in this sue happy world, and its also not worth it for the small amount of profit they might get out of it.
anyone who says otherwise has obviously never worked in a dealership.

Answer 3

THIS HAPPENED TO ME TOO. AFTER I SIGNED THE FIRST CONTRACT THEY CALLED ME BACK 2 WEEKS LATER AND TOLD ME THEY WERE GOING TO RAISE THE PAYMENTS AND NEEDED MORE MONEY DOWN. I SAID NO , I ALREADY SIGNED THE CONTRACT AND I WILL NOT SIGN A NEW CONTRACT . IF YOU HAVE NT SIGNED A NEW CONTRACT DO NT DO IT. YOU SEE , THEY FINALLY REALIZED A LITTLE TOO LATE THAT THEY COULD NT FINANCE ME WITH THOSE PAYMENTS SO THEY TRY ED TO MAKE ME SIGN ANOTHER CONTRACT. TO MAKE A LONG STORY SHORT THEY HAD TO LEAVE THE CAR AT THE FIRST CONTRACT .BUT IF FOR SOME REASON THEY DID NT FINANCE ME , I WOULD HAVE GIVEN THEM THE CAR BACK AND RECEIVED MY MONET BACK,

Answer 4

If you signed a contract, you only have to pay what you agreed to pay. They cannot raise the down payment or the monthly payments.

Answer 5

This is not advice for you to do, this is what happen to a friend of mine, the deal ships employee made a mistake and tried to clear up the mistake with a similar situation, the best idea is to alert the company where you purchased it and if no one will help, than the have a problem. Get to the top and possibly you are going to catch someone who is doing it on purpose or they don't know who they have employed. I it was my employee I would look at them no you and they should owe you for HARDSHIP.

Answer 6

You have your signed contract to purchase?

Did it say something about "subject to financeing approval?

If its subject to approval... and you got dissapproved, then they try to offer you different financing terms (higher interst rate)

You don't have to accept and if you don't accept they have to let you return the car and give the down payment back.

Answer 7

If you signed a contract, then that should be binding for both sides... Depending on what you signed, they should not be allowed to just randomly change your payments...

Answer 8

Read your contract again and make sure that it doesn't allow them to do that. Tell them no. If they insist, talk to a lawyer. It should be pretty clear who's in the right, so if they're blowing smoke, well, they're just going to have to choke on it.

Answer 9

so basically you gave them what they asked for. from my experience i tell them what i can do and stick to it they either do it or not. 99% of the time they will convince you to do it(like they did).its hard not to do it when your looking at the car and your brain tells you i guess i can afford it.if you tell them what you can afford and they they say they cant do that, then it time to walk out and try another place,but i know its very difficult. they are very convincing....unfortunately you signed- its too late.

Answer 10

You signed and that contract stands. Tell them to f*ck off