HELP legal question...

[boostin03]

ok, i think im getting screwed here. I just bought an srt-4. i have had it for 3.5 weeks now, gotten insurance on it and pair first month worth, already upgraded somethings on it and have stuff ordered for it. i even have my tags for it already, and now the dealership is calling me saying they want 2000 dollars down or i have to give the car back. can they do this? I have a signed contract and everything with the terms we agreed to with no money down and the set interest rate and all. tell me if im wrong, but i think they are bullshittin....:bs: :furious3: :rofl: :ftard: :supergay: :gayflag:

[boostin03]

oh shoot, sorry wrong spot to post this huh. ill put this in the dealer service section.

[SassySRT]

Why are they saying they need more? Did you get the interest rate that you wanted? When I bought my car my sales man told me that if the finace guy gets me an interest rate and comes back not being able to give me that rate, that is my loophole to get outta the contract.

They WILL NOT take your car back. They did the same BS with me. I walked in there said here are your keys and low and behold they worked ALL kinds of magic and I kept my car, ultimately paying less for it. Play hard ball with them. There is no way they will take that car back, they will have to sell it used then, and theyre not gonna want to do that.

[drizze99]

Nope, their window has passed. What's happening is that they over extended credit to you and now want the difference. You may have to get an attorney invloved, but I don't think they can legally come after you know cause its been way too long. I think the window is 72 hours.

[slow4dr]

I haven't heard of a time window before but I agree with Sassy(play hard ball).

Basically the finance department of the dealer writes the contract based on parameters a finance company gives them. There are many factors and loopholes but sometimes things arise that were unexpected.

It is better than having a call form them stating you have to return the car and that they COULDN'T get you financed. I have had that happen a few times(customers not me personally) that had actually traded in their cars. What's really scary is most of the time the car they traded in was long gone by that time.

[boostin03]

ohhh, well poo. the thing is this car is used, and i did trade a car in on it. but.. they did tell me they got me approved. 3 and a half weeks later they call me and say they couldnt get me financed and needed more money down. I just thought that when i signed a contract that meant is was binding and that i was approved. also, it has been over three weeks now since i left that lot and they are just now calling me? does anyone know if there is a time frame for sure??

[drizze99]

Pull out your contract and READ it word for word, front to back, every page. That should answer a lot of questions for you. It's been a while since I have been a car salesman, but I do believe it is 3 days (72 hours) to unwind a deal.

[SassySRT]

ohhh, well poo. the thing is this car is used, and i did trade a car in on it. but.. they did tell me they got me approved. 3 and a half weeks later they call me and say they couldnt get me financed and needed more money down. I just thought that when i signed a contract that meant is was binding and that i was approved. also, it has been over three weeks now since i left that lot and they are just now calling me? does anyone know if there is a time frame for sure??


Walk in there give them the keys and say I want my car back. They're going to crap thier pants because your car is loooooong gone to some auction and they dont have it anymore. Trust me on this one. I went through the exact same thing.

[drizze99]

Walk in there give them the keys and say I want my car back. They're going to crap thier pants because your car is loooooong gone to some auction and they dont have it anymore. Trust me on this one. I went through the exact same thing.

Not necessarily. It all depends on what he traded in and what type of car lot it is. There is a very good chance that his car is still there. These are very slow months in the car business for selling cars. Trucks and SUVs are a different story though.

Take a drive up to the place on Sunday and walk the lot. Se if your car is still there. Then go from there....

[Broken5hift]

take a poop in a paper bag and put in a box and write on the box "payment" and drop it off at your dealership

[SassySRT]

take a poop in a paper bag and put in a box and write on the box "payment" and drop it off at your dealership


or you can do that. :rofl:

[boostin03]

yea, i will do the poop idea

[slow4dr]

Pull out your contract and READ it word for word, front to back, every page. That should answer a lot of questions for you. It's been a while since I have been a car salesman, but I do believe it is 3 days (72 hours) to unwind a deal.


This was one reason why selling Bikes & watercraft was much better. We were actually funded or a financial institute had a letter of approval e-mailed to us before the vehicle left the property.

I once had a rewrite on a Sahara Wrangler 3 seperate times. Original voucher was $1300 then rewrote to $900 and then again to $600. :supergay:

[Broken5hift]

yea, i will do the poop idea

glad i could help :thumb:

[gspeedaddict]

They did this to my friend once recently, he went and got a bmw 5 series and a week later they called saying "bring in 10k or the car".
he dropped that shit off,and now drives a lebaron.
He showed them.

[Broken5hift]

They did this to my friend once recently, he went and got a bmw 5 series and a week later they called saying "bring in 10k or the car".
he dropped that shit off,and now drives a lebaron.
He showed them.

LMAO

[boostin03]

i went to the lot yesterday and just looked for my car and i didnt see it anywhere. but when they called me i asked them if i would get my car back and they said yes. also ive found out that i am not the only case. I went to my military consumer affairs. apparently this has happened a few times. consumer affairs though couldnt tell me if they were allowed to do this or not, even after looking at my contract. the contract says nothing about being able to cancel the contract or anything, just says i cant cancel it "just because". I think i will go to JAG tomorrow and see what they say.

[Fourbanger]

I'd either do what sassy did or just tell them to shove the 2k up their ass. You shouldnt have to pay for shit especially after you have signed a legal contract (ie your loan/lease whatever). And if this gets really hairy and they want to keep pushing you just call a lawyer up and ask for his take on it. Most of them will at least hear you out and give you your options on how to deal with the situation at hand. Do NOT give them anymore money. Make your payments on time reguardless of how difficult they are being, and most importantly dont ignore the problem. Take drizz's advice and go check out the car lot, see if your car is still there, if it is then you have the upper hand and can basically fuck them. If i was you id call them back and tell them they can forget about getting any money from you. After you read your contract and make sure there is no fine print stating you would owe the difference if your credit wasnt up to "snuff."
This is their problem your just part of the problem dont make it easy for them by any means. Especially since they basically shit on you and said "yeah, were gonna need 2k, mmmk thanks" fuck em. Read your contract and get back to us.

[slow4dr]

More than likely they have more than $2000 profit in the deal so they CAN eat it they just don't want to.

[boostin03]

the only problem i have with that is this... they said they didnt get me financing.. even though i signed a contract saying they did, so i cant make any payments... also the car i traded in, they havent paid that one off yet and they wont, so that will look bad on my credit.

[SassySRT]

the only problem i have with that is this... they said they didnt get me financing.. even though i signed a contract saying they did, so i cant make any payments... also the car i traded in, they havent paid that one off yet and they wont, so that will look bad on my credit.


I think now's a good time to get an lawyers opinion.

[boostin03]

yea, i am going to go to JAG tomorrow (military lawyer for those who dont know) and let them take charge of this. I just cant believe they would try to do this to someone. especially after letting me have it for three weeks and completely falling in love with the car.... im still doing the poop thing.

[slow4dr]

the only problem i have with that is this... they said they didnt get me financing.. even though i signed a contract saying they did, so i cant make any payments... also the car i traded in, they havent paid that one off yet and they wont, so that will look bad on my credit.


At this point there is no contract with a financial institution to report late/not made payments. They will have to "rewrite" the contract at this point based on what you will agree too.

[SassySRT]

yea, i am going to go to JAG tomorrow (military lawyer for those who dont know) and let them take charge of this. I just cant believe they would try to do this to someone. especially after letting me have it for three weeks and completely falling in love with the car.... im still doing the poop thing.


Salesmen don't care about you. I think I just got lucky with my salesman, I used the same one for 2 cars and he's rocked!

[slow4dr]

yea, i am going to go to JAG tomorrow (military lawyer for those who dont know) and let them take charge of this. I just cant believe they would try to do this to someone. especially after letting me have it for three weeks and completely falling in love with the car.... im still doing the poop thing.


Not to defend the dealer but it screws them almost as much as you when this happens so trust me they don't like it when it happens.

It usually takes a while for the Finance Director to mail in the contract to the institution and for them to actually do something with it.

[boostin03]

so my contract for the srt is no good then and i have to renegotiate or give it up?

[slow4dr]

Salesmen don't care about you. I think I just got lucky with my salesman, I used the same one for 2 cars and he's rocked!


Very true in most cases. Customers are dollar signs.

I was not morally able to do what I was expected to in sales. The only people I enjoyed ripping off were the a-holes.

[Fourbanger]

At this point there is no contract with a financial institution to report late/not made payments. They will have to "rewrite" the contract at this point based on what you will agree too.
Exactly is that car you traded in registered to you anymore??? Do you have the title? If they have it then its their problem right? Sucks your even having to deal with that shit man. BEst of luck.

[slow4dr]

so my contract for the srt is no good then and i have to renegotiate or give it up?


Basically.

The financial institution didn't buy the loan on the negotiated parameters you have signed for.

The $2000 can be hidden into the "#'s" to make it look like you gave it to them as a down payment but it comes directly out of their profit. Which they don't want to do especially the sales guy because that is taking $400 out of his pocket.(providing he is on the normal 20%)

[slow4dr]

Exactly is that car you traded in registered to you anymore??? Do you have the title? If they have it then its their problem right? Sucks your even having to deal with that shit man. BEst of luck.


I highly doubt they have processed any paperwork on it yet if it took them 2-3 weeks to get the paperwork to the finance company.

[SassySRT]

Basically.

The financial institution didn't buy the loan on the negotiated parameters you have signed for.

The $2000 can be hidden into the "#'s" to make it look like you gave it to them as a down payment but it comes directly out of their profit. Which they don't want to do especially the sales guy because that is taking $400 out of his pocket.(providing he is on the normal 20%)


Damn I see some big words.... :ftard:

[punkrokdood]

here's what you do... 2 am, take the srt out in front of the dealership, and have a friend follow you in his car. park the srt in front of the dealership, put the car in neutral (engine running) hold the clutch pedal in, and hold the throttle all the way down to the floor until you hear a HUGE bang (the pops from the revlimiter don't count) leave the premises immediately, and call in the next day, and tell them that you left the car in front of the dealership, and you will bring they keys by shortly :lol:

[slow4dr]

Damn I see some big words.... :ftard:


Yeah, after I read it I thought to myself. "Did I just type that?"

[slow4dr]

here's what you do... 2 am, take the srt out in front of the dealership, and have a friend follow you in his car. park the srt in front of the dealership, put the car in neutral (engine running) hold the clutch pedal in, and hold the throttle all the way down to the floor until you hear a HUGE bang (the pops from the revlimiter don't count) leave the premises immediately, and call in the next day, and tell them that you left the car in front of the dealership, and you will bring they keys by shortly :lol:


Oh hell just sit in the driver's seat doing it.

I say trade the LSD tranny for a non, swap out the viper seats for regulars, sell the I/C and just put piping in there, etc etc. Things they won't notice.

[boostin03]

...sad to say but it was an 03, no LSD :( but i am thinking of hanging a porch swing seat in there and pulling some vacuum lines so it only runs like 1 psi. thatll teach em. haha

[kenskiv]

...sad to say but it was an 03, no LSD :( but i am thinking of hanging a porch swing seat in there and pulling some vacuum lines so it only runs like 1 psi. thatll teach em. haha

:rofl: :rofl: :rofl: But...Go the lawyer route...

[slow4dr]

...sad to say but it was an 03, no LSD :( but i am thinking of hanging a porch swing seat in there and pulling some vacuum lines so it only runs like 1 psi. thatll teach em. haha


My buddy is selling his 04 maybe you guys can hook it up.

[boostin03]

definately going the lawyer route. if this shit ends up falling through though i may look up your buddy. only problem is id have to sell my car first which may take some times cause i cant trade in with him haha. description of the 04??

[drizze99]

boostin: What did you pay for the car? You said it is a 2K3 right? How many miles were on it when you bought it? Is this a franchise lot? (Ford, Dodge, Chrysler, etc.) or is it just a "used" car lot? What financial institution did they use? (should say on the contract)

[punkrokdood]

i jsut thought of something... if you're in the military... just get a loan through navy federal credit union. they are KNOWN by all to have the lowest interest rates available. they'll give you a blank check up to a certain amount to get a new car. THAT will piss of the finanace manager... they won't make shit off you in the back end if you come in with the money to pay the car off in full right there :thumb:

[drizze99]

Brandon, do they buy anyone though w/o a co-signer? What if he the lowest ranking officer and young (18), will they still buy his credit? All hypothetical because I don't know anything about boostin. Just curious if he gets special treatment because he is in the military.

[slow4dr]

i jsut thought of something... if you're in the military... just get a loan through navy federal credit union. they are KNOWN by all to have the lowest interest rates available. they'll give you a blank check up to a certain amount to get a new car. THAT will piss of the finanace manager... they won't make shit off you in the back end if you come in with the money to pay the car off in full right there :thumb:


:stupid: Very good idea.


description of the 04??


Red, not sure on mileage probably around 25-30K. It has all the basic bolt-ons now but he is removing them for the sale. He goes by "poorwboy" here on the forums.

[punkrokdood]

Brandon, do they buy anyone though w/o a co-signer? What if he the lowest ranking officer and young (18), will they still buy his credit? All hypothetical because I don't know anything about boostin. Just curious if he gets special treatment because he is in the military.
at navy fed, they value being in the military, and also history with the credit union much more than a credit rating. basically, if you make enough money to cover the monthly payments (with in reason) you'll get the loan. My car is through them. I got 25k for a new car at like 5.0% for 5 years. i later refinanced as "late model used car" for ~14k @ 1.9% for 3 years... my credit is NOT very good. its not particularly BAD, but far from good... i believe it was in the "fair" range, yet i still got those rates just because it was from navy fed :thumb:


btw... i have NEVER had a co-signer

[drizze99]

at navy fed, they value being in the military, and also history with the credit union much more than a credit rating. basically, if you make enough money to cover the monthly payments (with in reason) you'll get the loan. My car is through them. I got 25k for a new car at like 5.0% for 5 years. i later refinanced as "late model used car" for ~14k @ 1.9% for 3 years... my credit is NOT very good. its not particularly BAD, but far from good... i believe it was in the "fair" range, yet i still got those rates just because it was from navy fed :thumb:


btw... i have NEVER had a co-signer

Nice! Then this would be a VERY good option that boostin has to look into.

[boostin03]

well, the sticker was almost 17k. it has 22k miles. it was at a well known dealership. a nissan dealership, but it wasnt a "used" lot on the corner or something. The financing went through wells fargo, so they said when they did up the contract. but are now saying it wasnt approved, even after all the signing. I am actually army military police, so i will be going to JAG on monday. if i have to i will go to the credit union here on post. still though, i dont see how they can just back out of a contract. i thought they were "binding". especially after three weeks of having the car.

[boostin03]

also, i think they look at military better just because of the "gauranteed paycheck thing" but i also have really good credit. my score was 750. and im 22.

[punkrokdood]

also, i think they look at military better just because of the "gauranteed paycheck thing" but i also have really good credit. my score was 750. and im 22.
GO TO NAVY FEDERAL i'm serious... even civilians that work on base can get accounts there now... you WILL get the best interest rate available. these are their current used car loan rates

up to 36 mos. 3.90%
37 to 48 mos. 4.90%
49 to 60 mos. 4.90%
61 to 72 mos. 5.50%—
$25,000 minimum purchase price required for vehicle loan of 61 to 72 months.

and with a credit score like that I'm SURE they'd approve you. the dealership can't touch those rates... wells fargo obviously didn't like what the dealer offered... I'm TELLING YOU. go there today, start an account, and get a loan to pay however much the car is.


also, WTF is wells fargo's problem???? steady income and a 750 credit rating, and a "we can't do that????" :bs: fuck the dealership, and don't go through them

[drizze99]

Dude, 750 rocks! For not having a mortgage (or do you?), and having that score, ANYONE will finance you guarenteed.

[punkrokdood]

I'm about 99% sure the dealership is trying to make "points" off of you, and they're trying all kinds of minor annoyance shit to make a little more off you in the back end. get a loan on your own, and cut them out of the loop

[drizze99]

Retail on that car is 16.4K according to KBB.
Trade-in is 12.4K according to KBB.

What did you pay?

What rate? How many months?

[SassySRT]

also, WTF is wells fargo's problem????


I've been a customer of thiers since 99 I have savings and checking, a credit card and a student loan with them. They denied me for both cars (my 04 SXT and my 05 SRT)

Bastages!!

[punkrokdood]

Retail on that car is 16.4K according to KBB.
Trade-in is 12.4K according to KBB.

What did you pay?
sticker was almost 17k

which isn't TOO bad

[punkrokdood]

I've been a customer of thiers since 99 I have savings and checking, a credit card and a student loan with them. They denied me for both cars (my 04 SXT and my 05 SRT)

Bastages!!
again... wtf is their problem


i have a credit card and 2 cars through navy fed (technically 3 loans though since i refinanaced) and my credit is like LOW 600's at best :ftard:

[drizze99]

It's not Wells Fargo people, it's the stealership. Let's say boostin paid the 17K with no money down. Wells fargo comes back and says, nope, we'll only finance 15K on that car. Now, instead of taking the money out of their profits, they want it from boostin as a down payment.

On average as you can see from my above posts, dealerships have about 3.5K to 4.5K mark-up on used cars.

boostin, I would go back to the dealer and hand over the keys and tell them to go fuck themselves that you are getting a better deal at dealership X on a used 03 (total lie). Tell them that they adjust the selling price to 14.5 - 15K (or less if you like to negotiate) and tell them you will get a check from the CU for the full amount. (all lies)

Now, they'll either change their tune and try to keep you as a customer OR let you walk which is win win for you because there are plenty of used SRT-4's out there.

They are lying to you (I know this) so you lie right back.

[drizze99]

Since I have been on both sides of the table, I know how to play their game and always win. You know how? YOU FUCKIN LIE!! It's that simple. If you need lies, hit me up, lol.

[svt2srt4]

It's not Wells Fargo people, it's the stealership. Let's say boostin paid the 17K with no money down. Wells fargo comes back and says, nope, we'll only finance 15K on that car. Now, instead of taking the money out of their profits, they want it from boostin as a down payment.

On average as you can see from my above posts, dealerships have about 3.5K to 4.5K mark-up on used cars.

boostin, I would go back to the dealer and hand over the keys and tell them to go fuck themselves that you are getting a better deal at dealership X on a used 03 (total lie). Tell them that they adjust the selling price to 14.5 - 15K (or less if you like to negotiate) and tell them you will get a check from the CU for the full amount. (all lies)

Now, they'll either change their tune and try to keep you as a customer OR let you walk which is win win for you because there are plenty of used SRT-4's out there.

They are lying to you (I know this) so you lie right back.
i would play this out exactly as drizze scripted above...its a great plan and always works for me...ive been attempted to be screwed 3 times and all three times i did like drizze said and they backed down ...there not stupid if they got bank approval then they will do whatever they can to keep the sale...play hard ball to the end:stupid:

[slow4dr]

There are many other things a finance company will look at besides credit score. Debt to income ratio, percentage of used revolving debt(say $10K limit on cards and $7500 racked up already), if credit is dominated by revolving debt and they are applying for an auto loan, and the list goes on & on but my memory isn't so good.

I remembered another big one. Amount of payments made. Credit is much like grades in school, you start the semester with an A.

[drizze99]

Debt to income ratio and credit score are the 2 biggest factors. Close behind them is time on job and time at current address. They look for stability.

[boostin03]

I have now gotten loans for.. 99 cavalier, 02 cavalier, 03 yukon, 99 ski boat, 03 ninja bike, my engagement and wedding ring, and now this srt-4. the 99 cavalier is paid off, the ski boat is about to b e paid off, the bike is paid off, the rings are paid off.. so that is how i got my 750. there are some toher things i financed and paid off already liek a washer and dryer and fridge and stuff.. but anyways.. I think what happend was the dealership[ extended credit to me and said there is no way he can get denied and just let me sign the contract and drive off. then when the financial institute said we will only give this much it was like 3k short, they were stuck and are n ow trying to get me to pay that difference as a down payment and redo a contract saying that. I think if i fight them they will have to just bite the bullet. JAG will tell me soon.

[JuanDirtyMessican]

well i know for a fact that in CA, theres a "No Cooling Off Period" meaning once you sign the contract that car is yours. I remember when i bought my car I made no payments on it for over a month and a half after i got the car. The stealership took FOREVER to get the paperwork back to DCX, so that I could refinance with my Credit Union. So the bastards still charged me for the time that i had the car, but yet still had no paperwork. Them Fuckers!

[slow4dr]

well i know for a fact that in CA, theres a "No Cooling Off Period" meaning once you sign the contract that car is yours.


That law exists so people that have buyers remorse can't simply return the vehicle because they don't want it or can't afford it etc etc.

It doesn't apply to the dealer.

[boostin03]

so the dealer can cancel the contract whenever they want too but i cant?? doesnt seem fair.

[slow4dr]

so the dealer can cancel the contract whenever they want too but i cant?? doesnt seem fair.


The dealer isn't really canceling the contract they just need to "adjust" a few things to get it bought. Think of it like when you asked one of your parents a question and one says yes but then they say "check with the other" and the other overrides and says no. :lol:

The dealer isn't benefiting from this at all in fact it is a big hassle for all parties involved. They will take care of you though and if they don't just give the car back and go through Navy Fed. These cars are easy to find cheap.

[boostin03]

*UPDATE* I went to JAG today and told them my situation. the jag officer looked over my contract and then called the finance lady at the dealership

jag- Can you tell me where in the contract is says for a down payment? it looks to me like the trade in was the down payment.

dealership- well no sr, but that contract is only good if the financing get approved.

JAG- can you tell me where in the contract it states that?

Dealership- no sr i cant, but i have papers here that do state it.

jag- has mr. wilson signed it and if so can you fax it to me?

dealership- I dont know if he signed and no i cant fax it to you. i can only give it to him.

JAG- ok he will be up there shortly to get it from you, thanks bye.

hehe. i am working so i cant get it till tomorrow, we will see if they have it cause i dont ever remember signing anything like that, unless they slipped it in there and i didnt knotice it.

[boostin03]

Jag told me that if they cant provide the documentation with my signature we are going to sue them for breach of contract. hehe i sure hope i didnt sign it...

[slow4dr]

It is very normal to sign that particular paperwork when purcahsing a vehicle. I forget what form it is called but if they didn't have you sign it they will be up shit creek. They have no finance company to fund you(no one to make payments to) and yet you are driving the vehicle. :rofl:

[punkrokdood]

It is very normal to sign that particular paperwork when purcahsing a vehicle. I forget what form it is called but if they didn't have you sign it they will be up shit creek. They have no finance company to fund you(no one to make payments to) and yet you are driving the vehicle. :rofl:
:rofl: :rofl: :rofl: :rofl:


oops:ftard:

[boostin03]

I thought that they were supposed to give me a copy of everything i signed anyways. but all i got was the contract and some paper on my gap coverage... we will see i guess..

[slow4dr]

I thought that they were supposed to give me a copy of everything i signed anyways. but all i got was the contract and some paper on my gap coverage... we will see i guess..


I am trying to remember if it's a small clause on the contract or if it's a separate piece. It's very easy to overlook though.

[el_jefe]

Hit up the credit union, and check on used vehicle financing, just in case. But I would walk, I paid less than that for my 03 when it was brand new. Get a loan approval, then look around. You can pick up a well modded 03 or 04 for 17k.

Next time, get your financing before you walk into a dealership. Navy Fed is good, but anycredit union will work. My favorite thing to do is not mention I have financing already, and haggle with the salesman to drop the price. He thinks he can make the money back through financing and goes lower than he would otherwise. Then you pimp slap him with the cash in hand.

[boostin03]

hehe.. well if there is a clause, and i did somehow sign and not know it.. then i will throw the keys in the bitches face that had me sign the contrat and then leave some big ass black marks through there dealer lot with my nice cavalier, go to the credit union, get cash in hand, go back show them the cash, then say fuck you and go to the dealership down the road with an orange one that is cooler looking.

[punkrokdood]

Hit up the credit union, and check on used vehicle financing, just in case. But I would walk, I paid less than that for my 03 when it was brand new. Get a loan approval, then look around. You can pick up a well modded 03 or 04 for 17k.

Next time, get your financing before you walk into a dealership. Navy Fed is good, but anycredit union will work. My favorite thing to do is not mention I have financing already, and haggle with the salesman to drop the price. He thinks he can make the money back through financing and goes lower than he would otherwise. Then you pimp slap him with the cash in hand.
the salesman doesn't make any money off of the financing. its in the salesman's best interest to sell the car for as much as possible. once you talk to the finance people, any more stuff that gets sold, or financing options, etc. are of NO benefit to the salesman, but they are to the dealership and the finance manager

[el_jefe]

the salesman doesn't make any money off of the financing. its in the salesman's best interest to sell the car for as much as possible. once you talk to the finance people, any more stuff that gets sold, or financing options, etc. are of NO benefit to the salesman, but they are to the dealership and the finance manager

True, but I treat car dealerships as one giant evil entity

[drizze99]

Did you sign a piece of paper called a "We Owe"?

[boostin03]

UPDATE* so, my wife gets off work and goes to the dealership to get that magical paper i signed... well she gets there, and they have it all filled out and stuff, minus my signature. hahahaha. thats awesome. and... magically they say they are pretty sure the financing is going through with no money down... go figure..

[SassySRT]

Good!!! Sounds like everything is going to work out and you'll get to keep the car your attached too!!

:thumb:

[boostin03]

yes, attached i am. but i am not counting my stars yet. i am waiting until i hear the words from the dealership " it went through and all is good"

[ENapa]

Same thing happened to me when I got my 03. There is a clause that allows them to take the car back if the financing falls through. For me it worked out awesomely because I had leverage on the finance and sales manager. I am an assistant golf professional and they were golf freaks. So I just comped a 4some for them and they dropped the price of the car down to get the financing complete. LOL dropped the price of the car like 4500 bucks. Ended up erasing all my negative equity from my trade in.

[drizze99]

ENapa, you have 2 SRT's now?

[boostin03]

Same thing happened to me when I got my 03. There is a clause that allows them to take the car back if the financing falls through. For me it worked out awesomely because I had leverage on the finance and sales manager. I am an assistant golf professional and they were golf freaks. So I just comped a 4some for them and they dropped the price of the car down to get the financing complete. LOL dropped the price of the car like 4500 bucks. Ended up erasing all my negative equity from my trade in.

UDATE* again... good news yall. I went to the dealership yesterday and had a small discussion with them. long story short...

they got fucked. the original sticker is 16,500 and after all was done it was 19,500. now the sticker was 16,500 and the final price after trade and all was only 16,000. how is my final buy price less than sticker?? whatever, point is i got my car now and for good...

[drizze99]

more details....

what did they give you for your trade? What was payoff?

[slow4dr]

Yeah like Drizze said details.......

[boostin03]

1st deal..

payoff- 8500 what they gave me- 4500
price of car- 16500


2nd deal..

price of car- 16,500
payoff - 8500 what they gave me- 9500

I dont have the contract with me, but i am pretty sure they lowered the price of the car some more too to meet my requirments. funny thing is the KBB of my cavalier was only 4500 and i got 9500... ill post exact numbers when i get ahold of my contract. its at home..

[boostin03]

the first deal the final buy price financed was like 19,500.
now the amount financed is only 16k for 60 months.

[slow4dr]

the first deal the final buy price financed was like 19,500.
now the amount financed is only 16k for 60 months.


There you go. :thumb: How much did the payments come down?

[boostin03]

we.. my payments were 350 a month for 72 months ( i know i know)
and now they are 320 a month for 60 months. i even got a lower interest rate..

[slow4dr]

You made out like a bandit.

350 X 72 = 25200
320 X 60 = 19200