We bought a new car -- and the dealer is a dumbass

[ducatiz]

i am locking this thread for a while.. i will unlock it later when i feel like it.  maybe randomly lock and unlock it for a while. 

good natured thread crapping is fun, all this whinging about how "i have a profession" or "you have a job" or "is it big enough?" is tiring. 

[cyrus buelton]

isn't your profession a clown, 'tizzy?

[ducatiz]

Update

Dealer faxed a list of car loans with 1% options.  No demands and no threats. 

Honestly?  If he called me up and said they made a huge mistake and to please come in and redo the deal...

... I might feel bad...

... For a few seconds...

[Vindingo]

Nissan pulled the same crap with a friend of mine.  They had some recent grad incentive with 0% for a couple years then your intrest would kick in.  She gave them $5K signed all the paperwork and drove home with a new car.  A week later they called her back saying that she actually wasn't qualified for the incentive and that she had to come in with a co-signer for a new loan at x%. 

She returned the car and got her money back.

[Howie]

When we bought the 2004 Passat we made a deal with a righteous sales adviser and made our arrangements for the 0% loan.  The next day the sales manager called and told me I needed to come in and sign a new contract due to a price change.  As it turned out the new contract was to include a $1000 dollar loyalty discount.

[cyrus buelton]

Car Dealers and Loans are very interesting.

My cousin is an attorney for OADA (Ohio Automobile Dealers Association). Basically they write legislation in the form of consumer protection or that of their dealers. Take your pick.


Anyway, in Ohio if you get financing that is not really "guaranteed"

The dealer has 30 days to actually get you a loan. If they don't at the end of that 30 days, you get whatever money you put down and turn the car back in. It is pretty make the beast with two backsed up.

[ducatiz]

The dealer has 30 days to actually get you a loan. If they don't at the end of that 30 days, you get whatever money you put down and turn the car back in. It is pretty make the beast with two backsed up.

So you get to drive a brand new car for up to 30 days on the dealer's dime and return it, scot-free, if they don't get financing?

Seems like a great deal to me.  AS long as you get all your money back.  The dealer screws himself if he doesn't get you financing since that car cannot be sold as new anymore.

When we bought the 2004 Passat we made a deal with a righteous sales adviser and made our arrangements for the 0% loan.  The next day the sales manager called and told me I needed to come in and sign a new contract due to a price change.  As it turned out the new contract was to include a $1000 dollar loyalty discount.

so the price change was to lower it $1k ?  That's sweet.

[Le Pirate]

This same kind of situation happend to my mother a few months ago.

She bought a VW tiguan on the first of the month, got 0% financing...etc, etc.

A week later she calls me and tells me the dealer told her she needed to come back in and resign at a different interest rate. Turns out the 0% ended on the 31st, so he wasn't allowed to give her that rate 

I told her to take it back and tell them that she didn't want the car, unless it was at the rate that she agreed on--tell them to give her money and her jeep back (trade in).

Well...she gets there, and her trade in jeep has already been sold. She called asking what to do while she waited on the guy to figure something out. I told her to tell them that if they already sold her car, then they were stuck with 0% financing and to F*** off, because it wasn't her problem. So thats what she did (In much more polite words I'm sure)

Long story short: she's paying 0% for 36 months 

[cyrus buelton]

So you get to drive a brand new car for up to 30 days on the dealer's dime and return it, scot-free, if they don't get financing?

Seems like a great deal to me.  AS long as you get all your money back.  The dealer screws himself if he doesn't get you financing since that car cannot be sold as new anymore.

Exactly. Sometimes they have to track down the car as the owner knows what went down.

My cousin just worked on some legislation regarding this very topic a year or two ago, but I can't remember what it was about.

[ducatiz]

UPDATE

So now the dealer called me back, apologized for their mistake and said they are sending me a deal which adjusts the sale price so they can get the financing and don't lose as much on the deal.  He sent me the numbers and the financing is no longer 0% but they dropped the sale price by a BIG chunk so the monthly payment is the same over the 36 months.

I looked at the numbers closely, and that's that.  He said they made the mistake and he was trying to save it the best way they could for them without costing me a dime more -- the monthly payment is one penny less.

[junior varsity]

wow. good for them. and for you.  win win win (3rd one = we all win)

[acalles]

UPDATE

So now the dealer called me back, apologized for their mistake and said they are sending me a deal which adjusts the sale price so they can get the financing and don't lose as much on the deal.  He sent me the numbers and the financing is no longer 0% but they dropped the sale price by a BIG chunk so the monthly payment is the same over the 36 months.

I looked at the numbers closely, and that's that.  He said they made the mistake and he was trying to save it the best way they could for them without costing me a dime more -- the monthly payment is one penny less.

Happy Boy

[NAKID]

Can't beat that!

[Howie]

Nice to hear all worked out

[Kopfjäger]

i am locking this thread for a while.. i will unlock it later when i feel like it.  maybe randomly lock and unlock it for a while. 

good natured thread crapping is fun, all this whinging about how "i have a profession" or "you have a job" or "is it big enough?" is tiring.