Three of you gave stupid answers. Number one, I don't have buyer's remorse. I love this car. Secondly, I knew I was buying a car. You did not fully understand the question before you gave a illogical answer. There were not 17 pages to sign. There was only 4 sheets with no figures on it. I was naive in believing in the sales people and credit manager.
Finance Director I feels sorry for your employer because you don't know your job. My car was 28,000 and the dealership sent in 44000 to be financed. I was not aware of these hidden charges. I did not know that I would be paying for my own rebate. How is it a rebate when you are paying it yourself.. I was decieved by this dealership. A rep for the finance company told me to seek a lawyer. The amount I will pay back is 73,000. I will get out of this contract because I would not have signed a contract for this amount of money.
2007-06-24 02:12:37 · 7 answers · asked by cattleman982000 1 in Cars & Transportation ➔ Other - Cars & Transportation
ok, I didnt see the first question, but as far as the rebate goes, that's what a rebate is, you pay it, then they pay it back to you. It seems like they got you good, best of luck!!
2007-06-24 02:22:09 · answer #1 · answered by ~~kelly~~ 6 · 0⤊ 0⤋
OK how much did you owe on your old car? Sounds like your paying off two cars now? Interest rate sounds high over 18% on a six year loan. BAD credit history late pays bankruptsy? Any rebate went straight into the dealers pocket just shows up on your taxes at the end of the year as income a nother hit you did not think thru. Lower interest or rebate? EVEN with A+ credit car loans cost lots of money to drive 6 years at 10% per each year of the loan $30,000 adds 18,000 to the cost of the car. I think you were caught up in new car buying and did not listen very carefully or read all four pages. You should have contacted your bank first for loan preapproval. Where you could talk to your own private loan officer and learn the whole story. How about another headache? if that car gets totaled your insurance will not cover the cost of the addditional loan taken out to pay off the trade in car! Gap insurance is highly reccomended in cases like that. Sounds like you will have big trouble... signed contract and they did not have to force your hand or hold you hostage. It is hard not knowing all the exact things they were doing to put you in the car of your dreams. As it turns into a NIGHTMARE
2007-06-24 02:30:27 · answer #2 · answered by John Paul 7 · 0⤊ 0⤋
Dealerships must answer to the car manufacturer. They go through period evaluations in order to keep their dealerships.
Therefore Go To The Top.
Contact the corporate office like Ford, Chrysler etc ( whoever your car is manufactured by) and file a complaint; also file with the Better Business Bureau (BBB). No help --Contact your local TV station or Newspaper, too.
What I can't understand is why would you sign a contract without "any numbers".
Are you under 21 yrs old ? You may have recourse there ( as a minor).
I think if you truly believe you have been swindled to contact a lawyer. He/She will be able to sort out the contract for you and inform you of your rights and of any further action that can be taken.
2007-06-24 02:24:43 · answer #3 · answered by That_ blue_ eyed_ Irish_ lass 6 · 0⤊ 0⤋
It's not even conceivable how a $28,000 car can jump to $44,000 with "hidden charges." I have a feeling that this is a combination of your not understanding negative equity for trade-in vehicles, not understanding the effect of bad credit, not understanding that rebates are "cash back" to you from the factory but re-paid to the dealer like a down payment, not understanding car buying in general, not reading your contract, not understanding car pricing, not having done any pre-purchase research, not having a good business sense --- and wanting to blame the problems on anyone but yourself. Unfortunately, dealers aren't in business to protect customers from their own shortcomings. Sorry.
2007-06-24 05:08:08 · answer #4 · answered by Anonymous · 0⤊ 0⤋
take a look,REBATE ASSIGNED TO DEALER,meaning they reduced the price of the car by the amount of the rebate,then you signed the rebate back to dealer.check it out,that is what usually happens.good luck.
2007-06-24 04:57:13 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I am sorry what you went through, but once you sign a contract and you didnt read it throughly you are binded to that contract. If you think you were being deceive my advice to you is to get an attorney for consultation.
2007-06-24 02:17:01 · answer #6 · answered by la negrita de Brooklyn 3 · 0⤊ 0⤋
Good luck with this - it sounds like trouble.
2007-06-24 02:21:01 · answer #7 · answered by Jeff the drummer 4 · 0⤊ 0⤋