- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Car Buying fricking Of The Day - Stupid People Shouldn't Be Able To Enter Into Contracts
Posted on 10/3/18 at 3:56 pm to slackster
Posted on 10/3/18 at 3:56 pm to slackster
quote:
bought a service plan that was 16% of the purchase price of the car and bought gap insurance
20% of msrp is their standard first offer. This dude took it hook line and sinker
1
Posted on 10/3/18 at 3:57 pm to CaptSpaulding
quote:
There was a $4k rebate on the car, they tell him he needs a $4k down payment, but that’s ok he can finance one. They sell him a $4k service contract, and keep the rebate. They point to it on the contract and show that 4K is coming off the price.
Let's be honest, they didn't even tell him that much. They just took his information and told him this is what the monthly note would be. Sign here, here, here, and here.
Posted on 10/3/18 at 3:57 pm to X123F45
quote:
Why is that Mr. Bored Finance Guy spinning a tall tail?
Are you saying you think he’s the finance guy at this dealership, and is trolling a message board into thinking that his office scams people?
Posted on 10/3/18 at 3:59 pm to slackster
quote:
It clearly states it's the customer copy at the bottom.
Wierd. Truth in lending isn't supposed to be a customer copy.
You're right though. Plain as day.
ETA: looked at my last one, it only says customer. The truth in lending copy usually goes to the bank. Same company who printed both contracts
This post was edited on 10/3/18 at 4:05 pm
Posted on 10/3/18 at 3:59 pm to MrLarson
quote:
Interest rate 25.63%
HOLEE frick
Posted on 10/3/18 at 3:59 pm to MrLarson
Is "AJ" a boot? Because it sounds like "AJ" is a boot.
Posted on 10/3/18 at 4:00 pm to MrLarson
quote:
Interest rate 25.63%
These predatory rates are all over cities with Military installations.
Posted on 10/3/18 at 4:00 pm to MrLarson
People that dumb deserve everything they get.
Posted on 10/3/18 at 4:02 pm to slackster
When I first got married I bought a $200 freezer via a finance company. I think that freezer cost me $400. I said, never again.
Posted on 10/3/18 at 4:03 pm to MrLarson
quote:
Interest rate 25.63%
Not good. 1981, rates for a new car or truck was at 16%.
Posted on 10/3/18 at 4:03 pm to CaptSpaulding
quote:
Are you saying you think he’s the finance guy at this dealership, and is trolling a message board into thinking that his office scams people?
If he's no longer employed there, possibly.
But, bad deal or not, if real this guy didn't get scammed. Screwed. Not scammed.
Posted on 10/3/18 at 4:04 pm to X123F45
quote:
20% of msrp is their standard first offer. This dude took it hook line and sinker
He probably couldn't believe someone was letting him buy a car.
Posted on 10/3/18 at 4:04 pm to slackster
He should write a gofundme plea to pay off his car note owed.
Posted on 10/3/18 at 4:05 pm to LNCHBOX
wrong, same thing happened to a tenant of our's employee. it was a local dealership i am familiar with so he had me get in touch with them to try and straighten it out. happens that the loan officer with the dealership had already been fired and they offered no help.
Posted on 10/3/18 at 4:05 pm to X123F45
quote:
But, bad deal or not, if real this guy didn't get scammed. Screwed. Not scammed.
Should he have read what he signed? Of course.
Am I 100% positive he was lied to and mislead? Yes.
Posted on 10/3/18 at 4:07 pm to slackster
quote:
He probably couldn't believe someone was letting him buy a car.
Most people are like that.
I always try to look miserable in a dealership
Posted on 10/3/18 at 4:08 pm to slackster
quote:OLD AS TIME ITSELF
The guy basically paid MSRP and financed it at 24%, bought a service plan that was 16% of the purchase price of the car and finances it at 13%, bought gap insurance without even having auto insurance, and doesn't have a DL.
That's incredible.
Caveat emptor is Latin for "Let the buyer beware"[1] (from caveat, "may he beware", a subjunctive form of cavere, "to beware" + emptor, "buyer"). Generally, caveat emptor is the contract law principle that controls the sale of real property after the date of closing, but may also apply to sales of other goods. The phrase caveat emptor and its use as a disclaimer of warranties arise from the fact that buyers typically have less information about the good or service they are purchasing, while the seller has more information. The quality of this situation is known as 'information asymmetry'. Defects in the good or service may be hidden from the buyer, and only known to the seller.
A common way that information asymmetry between seller and buyer has been addressed is through a legally binding warranty, such as a guarantee of satisfaction. But without such a safeguard in place the ancient rule applies, and the buyer should beware.
This post was edited on 10/3/18 at 4:09 pm
Posted on 10/3/18 at 4:09 pm to slackster
quote:
Am I 100% positive he was lied to and mislead? Yes.
I mean they circled almost everything important. Lol.
Only skipped that rate column
Posted on 10/3/18 at 4:12 pm to X123F45
The yellow copy of the law contract (which this is) is the customer copy and the truth in lending copy.
Posted on 10/3/18 at 4:14 pm to CajunInFL
Mine is onot customer. I want to say green was truth in lending.
Idk. Been a month or so.
I know gold was dealer.
Idk. Been a month or so.
I know gold was dealer.
Page 7 of 9
Popular
Back to top
Follow TigerDroppings for LSU Football News