Misc Shady car dealership practices.... - Page 4

baitism · 10-19-2018, 03:12 PM

I recently purchased a used car from a dealership, which included a trade-in. Everything seemed to have gone well until about a week afterwards. I got a letter in the mail from the credit union the dealer used to finance the loan and it said I was denied because the "Term requested exceeds limits." They counter offered with a 48 mo loan instead of a 60.

I also noticed in the contract that they slipped in $400 extra in dealership fees. Needless to say I was pissed I didn't notice it before signing, especially considering I believe it was added in the final contract and not the ones I looked at before.

Long story short, could I play hardball and tell them to take out the fees or I'll return the car to them and cancel the deal because the financing fell through? Seems they would be out a lot of time and effort over $400, not to mention the dealership is a three hour drive from here and, from what I have read, the onus is on them to rectify the financing situation.

Perhaps someone who has been in the industry can provide me some feedback. Thanks.

Here is a picture of the contract and the "added" fees. Basically, they put $631.50 over the advertised 249.00.

cooper barrett · 10-20-2018, 05:00 PM

Quote:

Originally Posted by hometeam

Read everything you sign. 98 99 and 44/100% times out of 100 the dealer is 100% covered by what you signed, so you can be sure they know what you are signing, its best that you do too.

Hometown,

Did you, do you know Steve Tolbert?

He has stories, both written about him or told by him, that will will open your eyes to the car biz.

**hometeam** · 10-20-2018, 05:05 PM

Quote:

Originally Posted by cooper barrett

Hometown,

Did you, do you know Steve Tolbert?

He has stories, both written about him or told by him, that will will open your eyes to the car biz.

I dont.

After nearly 17 years in this business, my eyes are already pretty open. I have seen or heard about anything you can imagine.

I did read where Burt said 'most' salesman are bad. I highly disagree. Most salespeople are good, regular people, you just have a couple bad apples that get the most attention.

That being said, whether you are selling cars, or buying cars, remember the golden rule.

C.Y.A.

burt · 10-20-2018, 05:10 PM

Quote:

Originally Posted by hometeam

I did read where Burt said 'most' salesman are bad. I highly disagree. Most salespeople are good, regular people, you just have a couple bad apples that get the most attention.

I know Steve Tolbert! Good Guy! Hometeam, we can agree to disagree. "Bad"= shifty, dishonest, inept, inexperienced, lazy, greedy, etc..I'm sticking with most are bad...Hell, i'd even say 70%

**hometeam** · 10-20-2018, 05:12 PM

Quote:

Originally Posted by burt

I know Steve Tolbert! Good Guy! Hometeam, we can agree to disagree. "Bad"= shifty, dishonest, inept, inexperienced, lazy, greedy, etc..I'm sticking with most are bad...Hell, i'd even say 70%

Well if lazy, inept, inexperienced, unaware counts as bad you are right.

I guess I see bad as people who are looking to **** someone, dishonest people who get pleasure out of it. Those are much fewer.. and usually they produce, so they keep getting chances when they get busted or **** up.

BryanBusby · 10-20-2018, 05:13 PM

Quote:

Originally Posted by burt

I know Steve Tolbert! Good Guy! Hometeam, we can agree to disagree. "Bad"= shifty, dishonest, inept, inexperienced, lazy, greedy, etc..I'm sticking with most are bad...Hell, i'd even say 70%

I'd say 50/50 split. I think there are a lot of fine people that get pressured into doing shitty things by shitty management/ownership.

cooper barrett · 10-20-2018, 05:21 PM

Quote:

Originally Posted by burt

I know Steve Tolbert! Good Guy! Cough, spits up giant Loogy...

I am sure he has mellowed over the years. One of the more interesting people from my past. I think I met him at Morse Chevy during his Porsche distruction era, Maybe a couple of dealers back. One of the best "used car guys" I ever met.

I wonder what a day is like as a Dick Smith Ford sales person under Tolbert.....

**CrazyPhuD** · 10-20-2018, 06:15 PM

Quote:

Originally Posted by hometeam

That being said, whether you are selling cars, or buying cars, remember the golden rule.

Do unto others before they do unto you?

Eleazar · 10-20-2018, 06:25 PM

Isn't it an extremely common scam, that they contact you after the deal and say your "financing fell through" to try to convince you to come in and re-sign the deal at a higher rate?

cooper barrett · 10-20-2018, 06:27 PM

Quote:

Originally Posted by CrazyPhuD

Do unto others before they do unto you?

Truth award 2018

Miles · 10-20-2018, 06:29 PM

I wasn't even aware you could close a deal and leave without financing essentially locked in.

**Easy 6** · 10-20-2018, 06:46 PM

Quote:

Originally Posted by Miles

I wasn't even aware you could close a deal and leave without financing essentially locked in.

Not very often, but I've seen it happen before, anything to get paperwork signed and get a car over the curb, asap

At best the finance mgr believed and hoped the CU would agree to terms

At worst, he knew they wouldnt but wanted baitism driving down the road in his new car anyway... and once the paperwork is signed, finance manager has certain protections

Miles · 10-20-2018, 06:54 PM

Quote:

Originally Posted by Easy 6

Not very often, but I've seen it happen before, anything to get paperwork signed and get a car over the curb, asap

At best the finance mgr believed and hoped the CU would agree to terms

At worst, he knew they wouldnt but wanted baitism driving down the road in his new car anyway... and once the paperwork is signed, finance manager has certain protections

I suspected that was likely it. Financing not secured and eventually falling through seems like it could be a total mess of either trying to unwind the transaction or financing with conditions not agreed to.

burt · 10-22-2018, 09:11 AM

Quote:

Originally Posted by Miles

I wasn't even aware you could close a deal and leave without financing essentially locked in.

It's common to put someone in a vehicle before financing is finalized. BUT it's ALWAYS communicated to the customer. Transparency is the key to good hones car sales.

burt · 10-22-2018, 09:13 AM

Quote:

Originally Posted by Eleazar

Isn't it an extremely common scam, that they contact you after the deal and say your "financing fell through" to try to convince you to come in and re-sign the deal at a higher rate?

A good dealership doesn't "scam"

burt · 10-22-2018, 09:17 AM

This is a buyers order. But it's suspect to have the extra $$ there without a description. Your contract will have that amount AND what it is for. It has to by law.

10-19-2018, 03:12 PM
baitism Starter Join Date: Jul 2005 Location: Overland Park, KS Casino cash: $5169551	Shady car dealership practices.... I recently purchased a used car from a dealership, which included a trade-in. Everything seemed to have gone well until about a week afterwards. I got a letter in the mail from the credit union the dealer used to finance the loan and it said I was denied because the "Term requested exceeds limits." They counter offered with a 48 mo loan instead of a 60. I also noticed in the contract that they slipped in $400 extra in dealership fees. Needless to say I was pissed I didn't notice it before signing, especially considering I believe it was added in the final contract and not the ones I looked at before. Long story short, could I play hardball and tell them to take out the fees or I'll return the car to them and cancel the deal because the financing fell through? Seems they would be out a lot of time and effort over $400, not to mention the dealership is a three hour drive from here and, from what I have read, the onus is on them to rectify the financing situation. Perhaps someone who has been in the industry can provide me some feedback. Thanks. Here is a picture of the contract and the "added" fees. Basically, they put $631.50 over the advertised 249.00.
Posts: 123

10-20-2018, 06:25 PM	#53
Eleazar Beyond the Rapids Join Date: May 2003 Location: Langley, VA Casino cash: $-370000	Isn't it an extremely common scam, that they contact you after the deal and say your "financing fell through" to try to convince you to come in and re-sign the deal at a higher rate?
Posts: 80,659

10-20-2018, 06:29 PM	#55
Miles MVP Join Date: Mar 2004 Location: Dallas, TX Casino cash: $1762400	I wasn't even aware you could close a deal and leave without financing essentially locked in.
Posts: 14,520

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