- 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: Friend bought new truck, dealer reneged on sale price
Posted on 4/5/18 at 12:55 pm to deltaland
Posted on 4/5/18 at 12:55 pm to deltaland
quote:
Just talked to my friend got the details. He financed through Ford and they called said they screwed up calculating the interest rate and his payments were going to be 1,000 more a year. Said they refuse to honor the loan and he had to come resign for new loan agreement.
I would have told them to get fricked and lets go to court. Then I would sell the truck before the warranty runs out.
0
Posted on 4/5/18 at 12:55 pm to deltaland
Your friend might be the dumbest person I've ever had the misfortune of hearing about. That's a level of stupid that I honestly cannot comprehend.
Reading this pissed me off.
Reading this pissed me off.
Posted on 4/5/18 at 12:57 pm to JohnnyKilroy
quote:
Reading this pissed me off.
Me too.
But also, this board never ceases to amaze me. How the hell does this stuff happen in real life?
Posted on 4/5/18 at 12:58 pm to AUsteriskPride
frick, I read the rest of your posts Delta, you need new friends.
Posted on 4/5/18 at 12:58 pm to Cdawg
quote:
Tell your buddy he just got a hard lesson on why the Finance Manager is the most dangerous person at a dealership.
And they pray on idiots. Had one on my last purchase who would not go into the details on the rate. Just said it's this much per month. I was trying to compare to a lease, so I wanted to put it all into a calculator I built. When I asked what the difference between terms would be he kept trying to say stuff like "it's going to be like $30 different a month, we won't know until we run the numbers after you're approved fully". When I kept asking he flat out asked, "are you like a doctor or and engineer or something". Like you have to be a genius to understand compounding interest. Granted I'm an engineer, but still.....I was not asking anything more than what typical person should ask about a loan. He was just used to people asking "how much dis gonna cost a munth"
Posted on 4/5/18 at 1:00 pm to deltaland
If the original finance refused to fund, he can be forced to sign again under different loan terms, or return the truck.
The price however will not increase.
Do none of you read your paperwork? Conditional delivery receipt is the first thing you sign.
The price however will not increase.
Do none of you read your paperwork? Conditional delivery receipt is the first thing you sign.
Posted on 4/5/18 at 1:00 pm to StringedInstruments
Pisses me off that he fell for it but pisses me off even more that a company would threaten a customer to try and strong arm them into going back on their mistake which benefited the customer.
I would be instantly and without question fired. I would never be able to set foot in this industry again. Luckily my morals wouldnt let me do that
I would be instantly and without question fired. I would never be able to set foot in this industry again. Luckily my morals wouldnt let me do that
Posted on 4/5/18 at 1:00 pm to deltaland
quote:
Just talked to my friend got the details. He financed through Ford and they called said they screwed up calculating the interest rate and his payments were going to be 1,000 more a year.
This is still a bit confusing. He should have gotten approved for a certain percent interest loan. Once they tell him what his percent interest is, it is very simple math to figure out what your monthly note will be. He can calculate what his note will be based on rate of interest, amount he is borrowing and how long the term of the loan is. If it comes out to what he is paying....they are lying. He should check their math.
Here is what I think happened. They agreed to sell him a vehicle based on him financing through Ford. Since he financed through Ford, they gave him more off on the sticker. Then they told him he needs to pay atleast 3 months of notes before he can refinance (which is a total complete lie, you can refinance the next day if you want). But they probably felt he was going to refinance sooner which takes away from an incentive check the dealer gets from the Ford Motor Credit Company so they backed out the deal by telling him they screwed up the loan information.
Posted on 4/5/18 at 1:02 pm to jpggpj
I am just saying people are missing the big fact of if this dude signed for 5-6 year loan (for a truck STRONG POSSIBILITY)
They're telling him his financing charge went up 5 to 6 THOUSAND dollars!!
LOL WTF
They're telling him his financing charge went up 5 to 6 THOUSAND dollars!!
LOL WTF
Posted on 4/5/18 at 1:03 pm to KG6
quote:
"how much dis gonna cost a munth"
TBF that is the only thing 99% of the idiots that walk into a dealership want to know and the dealership knows it. That's why they have 7 year loans.
Posted on 4/5/18 at 1:04 pm to KG6
quote:
And they pray on idiots.
Subtly hilarious, if intentional.
Posted on 4/5/18 at 1:04 pm to 50_Tiger
quote:
I am just saying people are missing the big fact of if this dude signed for 5-6 year loan (for a truck STRONG POSSIBILITY)
They're telling him his financing charge went up 5 to 6 THOUSAND dollars!!
LOL WTF
Yea, they basically doubled or tripled his interest rate.
Side note, OP's "buddy" must have super shitty credit to have not qualified for a 0% on a Ford truck. All you need is above 670 or so I think to get it.
This post was edited on 4/5/18 at 1:26 pm
Posted on 4/5/18 at 1:05 pm to deltaland
quote:
He gave the truck back told them to find a truck equal to his trade in and give it to him.
Can you send me your friend's phone number? I have a great deal for him.
Posted on 4/5/18 at 1:06 pm to deltaland
Pretty ballsy on the dealerships part for a 5k difference
Edit: didn’t realize this had gone 4 pages
Edit: didn’t realize this had gone 4 pages
This post was edited on 4/5/18 at 1:07 pm
Posted on 4/5/18 at 1:06 pm to MrLarson
quote:
TBF that is the only thing 99% of the idiots that walk into a dealership want to know and the dealership knows it. That's why they have 7 year loans.
that is true. Funny thing is I had another dealership call about a different make and model we liked more, but was too expensive. He matched the price at this dealership at the last minute so we walked out of the finance office. The guy was freaking out. He had to talk to get his manager because he knew he'd get in trouble if we just alked out. wasn't fully his fault, but it was funny
Posted on 4/5/18 at 1:06 pm to LNCHBOX
quote:
Side note, OP's "buddy" must have super shitty credit to have not qualified for a 0% on a Ford truck. All you need is above 670 or so I think to get it.
I don't think his buddy is a roach, but he sure is dumb as frick and taking it in the arse from financing.
I sold Toyota for two years after Katrina at Bohn Bros Toyota, I learned a lot about frickery in those two years.
Posted on 4/5/18 at 1:07 pm to deltaland
Was spot delivery then dealer couldn't get an approval
Posted on 4/5/18 at 1:07 pm to NewIberiaHaircut
Go out and wreck the shite out of the truck. Then return and laugh.
Posted on 4/5/18 at 1:10 pm to deltaland
Does your buddy have loan paperwork signed by him AND the dealership? If so, he needs to tell the dealership he wants the same truck and same interest rate that's on the sales and financing contracts THEY signed or else he's going to be the one calling his lawyer. If they signed the sales and finance contracts, your friend holds the cards if he wants to push the issue.
But if he's not getting that exact truck and finance deal, I damn sure wouldn't be picking out another one with the same dealer
But if he's not getting that exact truck and finance deal, I damn sure wouldn't be picking out another one with the same dealer
Posted on 4/5/18 at 1:10 pm to deltaland
All dealerships have a " Spot " form signed in the business office. This form says " for any reason " usually dealership clerical errors or finance issues, the customer agrees to return and resolve the issue.
I suspect there is more to this story, such as the customer could not get financed.
I suspect there is more to this story, such as the customer could not get financed.
Page 4 of 11
Back to top
Follow TigerDroppings for LSU Football News