Basically I never try to get a corolla in fact I got a camry for 4 days and I went back to the dealer because my family made me realize the payment was too much so I went back to the dealer to get something cheaper so I got the corolla. Since that day I step to Toyota is been just bad First I got a new camry than I return it I got rip off I gave 3500 as down payment I made my first payment of 1200 it was financied for 72 months at 412 after I return it i got the corolla 4000 thousand as downpayment 350 for 72 . Is been 5 months I just got in an accident evrything is settle but I am always uncomfortable with the idea of driving a car that in first place I never wanted I got rip off with a lot money and is barely 5 months and a accident is in the records plus a new corolla model is coming can you see how I feel? So I was thinking what happen if i go back to the dealer and said I can not make the payments( I AM SHORT OF MONEY)?
2007-12-17 05:43:18 · 7 answers · asked by Anonymous in Cars & Transportation ➔ Car Makes ➔ Toyota
They won't take it back if that's what you want to know.
You got ripped off the 1st time you traded cars because once you signed for that car its value dropped. When you traded it they lost several thousand dollars because its illegal for them to sell it as new. Obviously they were going to get that money back somehow and that means selling you a way over priced cheaper car.
Now that you wrecked the cheaper car its worth even less because its used and got damage.
2007-12-17 07:24:06 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Most dealers will offer to buy the car back from you. But it will be at wholesale price and may not be enough to pay off your loan. If the repair work was done by a reputable repair shop, you should have no worries about the accident. I suggest giving the Toyota a chance. It is a reasonably good car and can give you many years of dependable service if you keep it properly maintained. Good Luck.
2007-12-17 05:50:28 · answer #2 · answered by bweldon4852 2 · 2⤊ 1⤋
Unfortunatly you did get taken, twice by the Toyota dealership. But the documents that you signed will show you that you owe the money for the car to your finance company. So the dealership does not have to do anything at all. They washed their hands of you as soon as you drove off of the lot.
Just do yourself a favor and talk with someone who knows how to buy a car before you go and sign your name to an overpriced contract again.
2007-12-17 06:14:52 · answer #3 · answered by The Mechanic 3 · 4⤊ 0⤋
You can do it, but it's not advised. What will happen is they will reposesse your car, or take it back as a voluntary reposession. Sell it and make you responsible for the difference between what they sell it for and what you owe on it and it will pretty much destroy your credit, so in order to get financed in the future you'll proably pay some exhorbant interest rate just to borrow money.
2007-12-17 05:51:57 · answer #4 · answered by hsueh010 7 · 1⤊ 0⤋
You have not learned the primary lesson in buying cars-
Don't buy something you can not afford.
The second one you have-
Don't but a car you do not like.
Now comes time for a hard tough lesson-
You made your bed now sleep in it.
Unless you can find some one who will finance the balance and buy it from you, there is no honest way out of the situation except to live with that ride till you can afford better.
2007-12-17 13:27:24 · answer #5 · answered by teamepler@verizon.net 5 · 2⤊ 0⤋
1. He will sue you for the difference between what you owe and what he sells it for and you will eventually have to pay.
2. The foreclosure on your credit record will prevent you from getting a fair loan for several years.
2007-12-17 05:51:29 · answer #6 · answered by Tim C 7 · 3⤊ 0⤋
He wil laugh in your face.
2007-12-19 11:19:44 · answer #7 · answered by Anonymous · 0⤊ 0⤋