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Message
1
Posted on 10/28/14 at 6:59 am to lurk9000
Not sure how much research you did before going in but you should have known the financing incentives the manufacture was offering before going in and had a fall back preapproved offer from a bank or credit union.
At 750+, you should have been able to get under 4% all day from a bank but manufacturers are offering way under that. I bought 2 Honda in the last 2 years both at .9%.
Oh yeah and 79 mths
At 750+, you should have been able to get under 4% all day from a bank but manufacturers are offering way under that. I bought 2 Honda in the last 2 years both at .9%.
Oh yeah and 79 mths
Posted on 10/28/14 at 7:08 am to lurk9000
You took out a 79 month loan on a used Chevy Taverse?
Posted on 10/28/14 at 7:16 am to lurk9000
Why didn't you just say no?
Posted on 10/28/14 at 7:16 am to lurk9000
The only answer here is to carry your arse over to the nearest FCU and have them pick up the loan.
Bite the bullet and pay any early termination fees with the stealership. Low mileage vehicle should be around 3 percent at a FCU.
Bite the bullet and pay any early termination fees with the stealership. Low mileage vehicle should be around 3 percent at a FCU.
Posted on 10/28/14 at 7:17 am to lurk9000
You fell for the ole' "coupons" line?
Posted on 10/28/14 at 7:23 am to lurk9000
quote:
was told that the only way I would qualify for a 3.29% 79 month (I know STUPID - but I planned to pay very quickly) was if I got the extended warranty ($2795). I was told if not, the rate would be at least 5%.
Holy frick, is that legal? Jesus, man, THINK--and next time, go to a credit union or something.
Posted on 10/28/14 at 8:08 am to lurk9000
Why are you on this board with this? You know what happened and what to do. Did you think someone on here would tell you a secret way to get the vehicle for free?
And, quit lying about paying it off early. If you were going to do that you would have financed in for a much shorter time or went to your bank or at least made a call to check their rates.
ps, why not keep the warranty? It sounds like you will need it...it's a USED CAR! and you just financed it for 6+years!
And, quit lying about paying it off early. If you were going to do that you would have financed in for a much shorter time or went to your bank or at least made a call to check their rates.
ps, why not keep the warranty? It sounds like you will need it...it's a USED CAR! and you just financed it for 6+years!
Posted on 10/28/14 at 8:31 am to lurk9000
1. Never go car shopping without a loan prearranged. If dealership can beat it, go with them.
2. F&I guy's job is to scam you out of money. Big profit center for dealership. You were unprepared, and got screwed.
2. F&I guy's job is to scam you out of money. Big profit center for dealership. You were unprepared, and got screwed.
Posted on 10/28/14 at 8:32 am to lurk9000
Cancel extended warranty and refi through a credit union.
Posted on 10/28/14 at 8:44 am to lurk9000
lurk9000, this whole thing could have been avoided if you would cut that mullet.
Posted on 10/28/14 at 9:49 am to lurk9000
quote:
I believe I made a mistake in judgement and subsequently was scammed. NEED ADVICE on path forward...
If you made a mistake in judgement, how in fact were you scammed?
Did you not read any of the documents that were presented to you for signature?
This falls back on you, not the dealership. An educated consumer is a dangerous consumer and unfortunately you were neither.
Posted on 10/28/14 at 10:07 am to lurk9000
I don't think it's illegal, but trading rate for product is definitely a deceptive trade practice. Not knowing who the dealership is (locally owned mom and pop vs. All Star, etc), obviously All Star has more exposure and deeper pockets to pay claims if it comes to that.
Posted on 10/28/14 at 10:11 am to lurk9000
Used cars have crappier rates than new cars....that being said, your responsibility to negotiate does not end when you go into the finance manager's office.
I always go to the dealer with approval for a loan through my bank, but I've killed a few deals outright because the finance manager offered what I consider offensive rates without even knowing my social, credit score, full name, etc. I make sure to let the salesman and his manager know why they lost the sale they just spent hours negotiating as I leave. You don't have to take their bullshite deals just because they offered it.
I always go to the dealer with approval for a loan through my bank, but I've killed a few deals outright because the finance manager offered what I consider offensive rates without even knowing my social, credit score, full name, etc. I make sure to let the salesman and his manager know why they lost the sale they just spent hours negotiating as I leave. You don't have to take their bullshite deals just because they offered it.
This post was edited on 10/28/14 at 10:14 am
Posted on 10/28/14 at 10:14 am to lurk9000
Inform the GM of the issue. Refinance at a CU or bank, cancel the warranty immediately if you don't want it. Problem is that money will go back to the lienholder as a reduction of the financed amount, not to you.
Posted on 10/28/14 at 11:39 am to lurk9000
bought himself some experience, eh?
Posted on 10/28/14 at 12:30 pm to lurk9000
Did he have to go talk to his manager to see if they could throw in the clear coat for $500?
Posted on 10/28/14 at 12:44 pm to lurk9000
quote:I stopped reading here.
for wife - no pics
Posted on 10/28/14 at 1:43 pm to lurk9000
You know nothing bad will happen to you from owning the extended warranty?
I'm trying to see how you got the bad end of the stick.
I'm trying to see how you got the bad end of the stick.
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